Binance Aims for Dominance in South Korea, Plans Full GoFi Repayment by 2026

In a significant move, Binance has set its sights on becoming a leading player in the South Korean cryptocurrency market. Following its acquisition of Gopax in 2023, which was driven by a liquidity crisis, the exchange is now positioned to re-enter the competitive landscape of South Korea.

This strategic acquisition not only opens doors for Binance but also marks a pivotal step towards stabilizing Gopax and fulfilling its financial obligations. The company has announced an ambitious plan to ensure complete repayment of its GoFi obligations by the year 2026, demonstrating its commitment to financial recovery and growth.