Analytics Insight
Crypto Giant Binance Looks to Invest in Firms Amidst the Bear Market
How Does Artificial Intelligence Reduce the Chance of a Cyber Breach?
AI-specialized company revives a fashion brand without any staff majored in fashion
“Our Systems Are More Energy and Space Efficient than Competitive Offerings” Says Ramanujam Komanduri
The 10 Most Impactful Chief AI Officers of the Year 2022
The 10 Most Promising AI Solution Providers of 2022
The 10 Most Inspiring Tech Leaders to Watch in 2022
The Top 10 Most Influential CEOs to Watch in 2022
No products in the cart.
Crypto giant Binance is planning on acquiring the Korean crypto exchange Gopax as it intends to purchase a 40% stake from the firm. Currently, the crypto exhcange is taking its final steps in acquiring the Korean exchange. The due diligence is said to be completed on the acquisition and finalization of the process. Analysts claim that the deal was supposed to be announced back in 2022 itself but it was delayed due to consultations over equity value calculations. Binance is said to have purchased the biggest stake in Gopax and will see to the expansion of its domestic business.
Gopax is touted as one of the five-largest crypto exchanges in South Korea. The exchange’s history of growth and development has been considered an example for several upcoming crypto businesses. Gopax has shown exceptional growth in 2022 until FTX started to face liquidity issues and its golden empire fell from its graces.
Experts claim that Binance had sought to enter the Korean crypto market for quite a long time now; however, the company has faced severe regulatory barriers and restrictions from the government that is trying to protect its citizens from money laundering and several other crimes. The acquisition of Gopax by Binance will majorly change the composition of the Korean cryptocurrency market. This alliance will bring more options for investors and opportunities for domestic projects to expand on an international scale.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
Subscribe to our weekly newsletter. Get the latest news about architecture, design, city, and inspiration.
Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
How To Make Huge Profits In A Short Time With CryptoGet detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Crypto + NFT Quick Start CourseThe #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet
