Tag Archives: gopax

CoinspeakerBinance Mulling to Sell Its Stake in South Korean Exchange Gopax Binance is reportedly not planning to expand its footprint in South Korea amid growing regulatory scrutiny and is willing to sell its stake in Gopax. Binance Mulling to Sell Its Stake in South Korean Exchange Gopax

While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against Binance has started affecting the company’s operations, particularly its acquisition of Gopax in South Korea. The US Securities and Exchange Commission filed a case against Binance for violating securities law. According to the filing with the federal court in Washington, Binance mishandled investors and also...