Industry sources reported that Binance has recently finished the due diligence process and is completing the acquisition of Gopax. One of the largest exchanges in Korea, Gopax, has established real-name accounts in partnership with Jeonbuk Bank. The dynamics of the Korean cryptocurrency exchanges, in which Upbit is the single most significant player, are anticipated to shift considerably once Binance enters the market through the acquisition. It is anticipated that there would be more investment options available to local investors and that domestic projects will find it simpler to expand internationally. However, there is a chance that the Korean financial authorities may directly or indirectly contest this transaction due to concerns about Binance's financial stability.

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