Binance Nears Approval for GOPAX Majority Stake in South Korea

[etfs]

Binance may soon gain regulatory approval to take a majority stake in South Korea’s GOPAX exchange, potentially as early as the end of 2025.

The Financial Intelligence Unit (FIU) has resumed reviewing GOPAX’s executive change report after a two-and-a-half-year delay. Analysts link the shift to Binance resolving its US regulatory issues, including settling SEC and DOJ charges.

Binance acquired 67% of GOPAX in February 2023, but approval stalled as the FIU requested additional documentation to ensure compliance with South Korea’s anti-money laundering (AML) framework.

A green light would allow Binance to directly operate in the Korean market via GOPAX, marking a major expansion for the exchange in Asia.