Binance has formally returned to South Korea after regulators approved its takeover of local exchange Gopax, a move that ends a long period of uncertainty over the deal and clears the way for the global firm to operate in one of Asia’s biggest crypto markets.

Binance Secures Regulatory Sign-Off

Based on reports , South Korea’s Financial Intelligence Unit approved the change of major shareholder on October 15, 2025. The deal gives Binance control of a majority stake it first bought in February 2023 — a 67% holding — which had been held up by what turned into a near two-year regulatory review.

The purchase was originally framed as a way to stabilize Gopax after the exchange ran into trouble tied to its GoFi product and fallout from the collapse of a US counterpart. For users who h

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