Exchange Watch News

Binance is Getting Ready to Sell the Majority of Its Gopax Shares on the South Korean Stock Exchange


Binance has reached an agreement with Megazone to offload a significant portion of its ownership in Gopax, a prominent cryptocurrency exchange in South Korea.

Stay in the know on crypto by frequently visiting Crypto News Today

Binance, the cryptocurrency exchange with the highest transaction volume globally, is in the advanced stages of discussions with South Korean cloud services provider Megazone to offload the majority of its shares in Gopax, a prominent crypto exchange in South Korea.

CryptoCaster Quick Check:

Binance Starts Final Discussions to Sell Gopax Shares with South Korean Megazone

A recent report from a local media outlet indicates that Binance’s ownership stake in Gopax will decrease to around 10% upon the successful completion of the deal.


In February 2023, Binance completed the acquisition of Gopax, obtaining a majority stake of 72.26% in response to liquidity challenges stemming from the Genesis Global Capital crisis associated with FTX.

As of now, Binance’s ownership in Gopax stands at 67.45%, solidifying its position as the primary shareholder in the company.


After the purchase, Gopax submitted a report to the South Korean Financial Services Commission (FSC) detailing a significant change in major shareholders for the registration of virtual asset services.

Nevertheless, the FSC postponed the approval of the ownership transfer due to legal issues related to Binance in the United States.

In order for the approval process to move forward, the FSC asked Binance to decrease its ownership stake to less than 10%. Binance had already indicated its plan to reduce its stake in Gopax as far back as January 2024.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.

Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.

We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.

When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.

CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.

We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like