Binance closer to South Korea re-entry as FIU reopens Gopax acquisition review: report

Binance, the world's largest cryptocurrency exchange, inches closer to re-entering the South Korean market as the Financial Intelligence Unit (FIU) resumes its review of the exchange's acquisition of local platform Gopax after a two-year regulatory stalemate. This pivotal development could reshape South Korea's digital asset landscape, potentially bringing Binance's extensive trading pairs, including Bitcoin, Ethereum, and thousands of altcoins, back to Korean cryptocurrency enthusiasts.

The resumed acquisition review signals a potential thaw in South Korea's previously restrictive stance toward global crypto exchanges. For the broader cryptocurrency market, Binance's return to South Korea—one of Asia's most active blockchain and DeFi trading hubs—could drive significant trading volume increases and enhanced liquidity for major cryptocurrencies.

South Korea's crypto market, worth billions in daily trading volume, has operated with limited international exchange access since regulatory crackdowns. Binance's successful re-entry through the Gopax acquisition could establish a precedent for other major cryptocurrency platforms seeking Korean market access, potentially boosting Bitcoin adoption and blockchain innovation throughout the region while strengthening South Korea's position as a global cryptocurrency trading powerhouse.