Overview

• South Korea’s Financial Intelligence Unit approved the deal on Oct. 15, completing the review and clearing Binance’s acquisition of GOPAX.
• Binance now holds a roughly 67% majority stake in GOPAX, giving it operational control and a formal route back into a market it exited in 2021.
• Authorities and company statements indicate compensation for users harmed by the GOFi product will speed up, with about $70 million already disbursed and remaining payouts tied to recovered funds.
• GOPAX, a licensed exchange with real‑name accounts, plans to integrate Binance’s trading tools and global liquidity while reinforcing banking ties with Jeonbuk Bank and aligning with 2025 user‑protection rules.
• Upbit currently commands most local trading volume, and industry watchers expect stiffer competition and potential interest from other global exchanges in Korean partnerships.