Stay updated with breaking news from Streami Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Binance and Fxrate have acquired a majority stake in struggling South Korean cryptocurrency exchange GOPAX, bringing the operator of the largest digital asset trading platform back into the South Korean market it exited
Binance is collaborating with Lee Woong-Yeol, the honorary chairman of Kolon, for a new virtual asset exchange in South Korea.
Ompany had acquired a significant stake in Gopax, which stopped allowing withdrawals from specific goods in November.
Digital Currency Group, is the second largest shareholder of GOPAX
The firm says it weathered "extraordinary challenges," including the default of Three Arrows Capital and the bankruptcy of FTX in 2022.