Binance Plots Comeback in South Korea with Gopax Deal

Binance is set to re-enter the South Korean cryptocurrency market, leveraging its partnership with Gopax. After withdrawing from the country in 2021, Binance’s strategy hinges on securing regulatory approval for a major management change at Gopax. This could pave the way for the global exchange’s anticipated return as early as 2025, according to recent reports. The financial intelligence unit (FIU) is currently reviewing this proposed change and appears optimistic about its potential approval. The review focuses on Gopax’s existing partnership with Binance rather than creating a new assessment process.