According to local media, leading cryptocurrency exchange Binance is getting closer to acquiring Korean crypto exchange GOPAX by purchasing a 41% stake in the company. Binance has completed the acquisition’s due diligence. According to a source familiar with the transaction, Binance had planned to complete the purchase late last year. However, the source stated that negotiations on the deal would have to wait until the new year due to ongoing discussions about the value of the stake. The stake will be acquired from Lee Jun-haeng, Gopax’s largest shareholder. Jun-haeng is the exchange’s CEO and will remain in that position to ensure stable management.
