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Binance acquires GOPAX
Binance acquires GOPAX
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Binance Holdings, the world's largest cryptocurrency trading platform by volume, has acquired a majority stake in South Korea-based crypto exchange GOPAX. The company suspended customer withdrawals from its DeFi service, GoFi, in November after suffering effects from the bankrupt lender Genesis Global Trading (DCG) subsidiary. Genesis offered yields on crypto lending to GOPASX and DCG, which invested in GOPASEX in April 2021 and is the second largest shareholder of GOPAEX; in addition, GOPSAX’s parent company, Streami, is one of the 10 largest creditors of Genesis.
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