Binance’s Korean Comeback: Two-Year Regulatory Marathon Ends with Gopax Deal
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After a grueling two-year wait, Binance has officially completed its acquisition of South Korea’s Gopax exchange.
The final hurdle was cleared when the country’s Financial Intelligence Unit approved the appointment of Binance-nominated executives to lead Gopax, a request first filed in early 2023.
The prolonged delay was rooted in regulatory apprehension, particularly following Binance’s legal challenges in the US. However, the resolution of those cases—including a massive $4.3 billion penalty—appears to have reassured South Korean authorities.
This landmark approval not only finalizes the takeover but also reverses Binance’s 2021 exit, strategically repositioning the global exchange giant in a critical Asian market.
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