Binance has acquired the South Korean cryptocurrency exchange Gopax

BlockBeats News, October 16th. According to local Korean media MK, Binance has completed the acquisition of the Korean cryptocurrency exchange Gopax.

The Korean Financial Intelligence Unit approved the replacement of key executives at Gopax on Wednesday, a approval that had been delayed for over two years due to various reasons. Gopax had submitted the request in February 2023 when Binance had already acquired 67% of the exchange.

Local media reports suggest that this approval was seemingly influenced by Binance's resolution of compliance issues in the United States.