Binance announced it has officially returned to the South Korean market by acquiring a 67% stake in Gopax, one of the country’s established crypto exchanges. The deal was confirmed following approval from the Financial Intelligence Unit, South Korea’s primary virtual asset regulator.
The acquisition allows Binance to regain operational control in a market it exited amid regulatory uncertainty in previous years. South Korea’s crypto sector, dominated by retail investors, accounts for a significant share of global trading volumes, with Upbit holding roughly 75% of the market. Binance’s entry through Gopax is expected to increase competition and liquidity, providing local users access to Binance’s global platform and services.
Binance stated it will continue compliance-focused integration with Gopax and monitor regulatory developments closely. Users can expect a phased rollout of Binance services in South Korea, with updates on trading pairs and deposits in the coming weeks.
Fuente: https://www.mk.co.kr/news/stock/11442849
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