Bitcoin

Binance, the world's largest cryptocurrency exchange by transaction volume, has reached the final stage of negotiations with South Korean cloud services provider Megazone to sell the majority of its shares in Gopax, one of South Korea's leading crypto exchanges. 
<h2 id="binance-begins-final-talks-with-south-korean-megazone-to-sell-gopax-shares">Binance Begins Final Talks with South Korean Megazone to Sell Gopax Shares</h2> 
According to a local media report, Binance's stake in Gopax will drop to approximately 10% if the deal is completed. 
Binance first acquired Gopax in February 2023, acquiring a 72.26% stake to address liquidity issues arising from the FTX-affiliated Genesis Global Capital crisis. 
Currently, Binance holds a 67.45% stake, making it the largest shareholder of Gopax. 
Related News: <a href="https://en.bitcoinsistemi.com/german-government-changed-decision-after-bitcoin-sales-withdrawn-bitcoin-from-stock-exchanges-here-are-the-details/" target="_blank" rel="dofollow">German Government Changed Decision After Bitcoin Sales! Withdrawn Bitcoin from Stock Exchanges! Here are the Details</a> 
Following the acquisition, Gopax filed a major shareholder change report with the South Korean Financial Services Commission (FSC) for virtual asset service provider registration. 
However, the FSC delayed approving the transfer of ownership due to legal concerns regarding Binance in the US. 
The FSC requested Binance to reduce its stake to below 10% in order for approval to proceed. Binance had signaled its intention to reduce its stake in Gopax as early as January 2024. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/binance-is-preparing-to-sell-most-of-its-shares-on-the-south-korean-stock-exchange-here-are-the-details/">Binance is Preparing to Sell Most of Its Shares on the South Korean Stock Exchange! Here are the Details</a>

Binance is Preparing to Sell Most of Its Shares on the South Korean Stock Exchange! Here are the Details

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jul 11, 2024

$10 WTK Price Expectation Remains Strong as WadzPay Diamond Hands Stand Resolute Amidst FUD

Tron’s TRX Price Defies Crypto Bear Market, Continues Strong After Crucial Breakout: Here Are the...

While XRP and FET Falter, Here Is One Altcoin That Could Be Set To 3x This Month

Solana (SOL) vs. Polygon (MATIC): Experts Say New Crypto on Blast Will Outperform Both

Ethereum Supply Increases While Staked Amount Reaches Record Levels

Experts Confident Bitcoin Will Hit $100,000 by Year-End Despite Major Sell-Offs

Join our free newsletter for daily crypto updates!