Binance's Plan for South Korean Market:đ„đ„đ„đ„đ„đ
Binance is looking to finish the repayment of Gopax's GoFi users by 2026, which will allow it to enter the South Korean market competitively.The exchange's primary plan is to concentrate on stabilizing and upgrading Gopax while developing new products and services consistent with market demand and trends.GoFi Restitution
Binance took over Gopax in 2023 to save users from a liquidity crisis that occurred when Genesis Global Capital suddenly stopped withdrawals.The restitution wallet contains 11 different cryptocurrencies.Expansion Plans
Binance's first mission will be to stabilize and improve Gopax, then launch new products and services that are compliant with the regulatory framework in South Korea.The exchange is optimistic about the opportunities for stablecoins, tokenization of real, world assets, and institutional adoption in the South Korean market.Future Outlook
Leveraging the high level of adoption and well, regulated environment in the country, Binance is targeting to become one of the leading players in the South Korean market.The exchange is ready to deal with potential obstacles, such as a proposal to limit the shareholding stakes of major shareholders in crypto exchanges.
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