"There's always only one chance, but I don't know if I'm lucky."
After a long wait to enter the market, the giant cryptocurrency exchange Binance will soon fully acquire the South Korean exchange, Gopax.
Gopax is one of the five largest digital asset exchanges in South Korea followed by Coinone, Upbit, Corbit and Bitsum.
Binance has reportedly made every effort to acquire Gopax as soon as possible, comments blockchain journalist Colin Wu.
In addition, the company actively researches the Korean market without stopping so that its services are able to develop and develop in that country.
During the Christmas season, Binance planned to buy a 41.2% stake of Gopax Chief Executive Officer (CEO) Lee Jun-Haeng who was the largest shareholder, however his wish failed following there was talk of the acquisition.
According to Changpeng Zhao (CZ), Chief Executive Officer (CEO) of Binance is looking to make a comeback to the South Korean market after nearly two years of silence rather than making any reforms in the country.
This is also because Binance had to close their affiliate company in South Korea following a disagreement with the local supervisor.
Even so, the company hired directors and employees experienced in know your customer (KYC) including anti-money exchange (AML) checks to combat the issue rather than enact any more.
