Binance is re-entering the Korean market with the largest stake in GOPAX

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After leaving the South Korean crypto industry two years ago, Binance is back and now owns a majority stake in crypto exchange GOPAX.

Binance also shut down its subsidiary in South Korea in December 2020 due to poor usage, based on transaction volume alone. Binance’s investment in GOPAX came as part of an industry recovery plan it oversaw, to which it pledged $1 billion in November to deal with the fallout from the FTX collapse.

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