Binance Returns to South Korea with GOPAX Acquisition: What Does it Mean?

Binance has made a bold move, acquiring a 67% stake in GOPAX, marking its return to the South Korean crypto market after a two-year hiatus. This acquisition was granted regulatory approval following thorough reviews by Korean authorities, signaling a major shift in the local landscape. Binance’s entry promises competitive fee structures and potential for innovation, while also raising concerns about increased regulatory scrutiny.