Binance has completed the due diligence for the acquisition of the South Korean exchange Gopax and plans to acquire a 41.2% stake

ChainCatcher news, according to Decenter, Binance has recently completed the due diligence for the acquisition of the South Korean exchange Gopax and is in the final steps of the confirmation process. Relevant insiders stated: "The plan was initially to announce the acquisition around last Christmas, but final negotiations regarding the share value are ongoing."

It is reported that Binance will acquire the shares represented by the largest shareholder of Gopax, Lee Jun-hyang (phonetic), who holds a 41.2% stake, but in order to stabilize operations, the original management system will be temporarily maintained. Gopax is one of the top five exchanges in South Korea where cryptocurrencies can be traded using Korean won. (source link)