Crypto

Binance is close to acquiring the Korean Crypto Exchange Gopax: Reports

ByMridul Srivastava

Jan 2, 2023 Binance, Bitcoin, Crypto, Gopax

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Binance is reportedly finalising its takeover of GOPAX, one of Korea’s largest crypto exchanges.

Binance did its investigation and is checking other processes to finalise the takeover, the report claimed by blockchain media platform Decenter.

Binance will purchase GOPAX CEO Lee Jun-41.2% Haeng’s share of the company.

Decenter warns that Gopax, which expanded its domestic operations in 2022, is facing a financial issue after FTX’s bankruptcy.

Just in: Binance to acquire the fifth-largest South Korean exchange Gopax.

So maybe it was just FUD after all… 👀
— Layah Heilpern (@LayahHeilpern) January 2, 2023

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Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.