Share this article
Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
Updated Mar 9, 2024, 2:16 a.m. Published Jan 31, 2024, 11:22 a.m.
Binance is in "early-stage discussions" about its stake in South Korean cryptocurrency exchange GOPAX.
The world's largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
South Korea news outlet News 1 on Tuesday said Binance will announce the reduction of its stake in GOPAX "within a month or two," citing Steve Young Kim, director of Binance's Asia-Pacific region.
"We are in early-stage discussions about our stake in GOPAX," a Binance spokesperson told CoinDesk by email. "As it's still preliminary, we can't share more details at this time."
South Korea's Financial Services Commission (FSC) proposed new rules geared toward consumer protection at the end of last year, which would provide statutory grounds for sanctions, including criminal penalties, "to punish unfair trading activities using virtual assets." They would also require exchanges to monitor abnormal transactions and alert the regulator when appropriate.
Read More: South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Stripe Acqui-Hires Crypto Payments Startup Valora, Venturing Further Into Stablecoins
The team behind the Celo-based app is joining Stripe, while the intellectual property is returned to cLabs.
Cosa sapere:
- The team behind Valora, a crypto payments app, is joining Stripe to advance its blockchain and stablecoin integration.
- Stripe recently acquired crypto firms Bridge and Privy, and is developing with Paradigm the Tempo blockchain for stablecoin payments.
- Valora, built on the Celo network, became a standalone company in 2021 after raising $20 million.
Top Stories
