Binance Reportedly In Talks To Sell Majority Stake In South Korean Exchange Gopax

Quick Summary:

Binance is reportedly in final-stage talks to sell a majority stake in South Korean crypto exchange Gopax to local cloud service provider Megazone, according to a July 11 report from The Chosun Ilbo.

The global crypto exchange is looking to reduce its 72.

The stake sale to Megazone, if approved, could pave the way for new capital investment and regulatory approval needed to shore up Gopax’s finances and operations.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaSouth Korea

Topics: Gopax News South Korean Exchange Majority Stake Latest News Reportedly Sell Talks BINANCE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-13 @ 09:05:43 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21592670

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