GOPAX (Global Online Professional Asset eXchange) is a South Korean cryptocurrency exchange that was launched by Streami Inc., a blockchain services company, in November 2017. It is one of the five major exchanges in South Korea (UPbit, Bithumb, Coinone, Korbit, GOPAX).
In December 2017, GOPAX formed a partnership with Stellar and in May 2018, GOPAX announced a formal partnership with the blockchain-based social networking website Steemit.
GOPAX obtained two certifications regarding information system security: ISO/IEC 27001 in July, 2018 and K-ISMS certification from the Korea Internet & Security Agency in October of the same year. It was the first crypto exchange in the world to obtain ISO/IEX 27001 certification, and the first Korean exchange to receive K-ISMS certification.
According to a January 2, 2023 article of Decenter, Binance has recently completed due diligence on the acquisition of GOPAX. Binance will buy a stake (41.2% stake) from CEO Lee Jun-haeng, the largest shareholder of GOPAX, but will maintain this representative system for the time being for stable management. Binance and GOPAX have not yet given an official statement regarding this acquisition.
GOPAX provides a cryptocurrency trading platform supporting a variety of digital assets, including Bitcoin, Ethereum, and other altcoins. The exchange focuses on delivering a secure, reliable, and compliant trading environment, offering both retail and institutional users access to spot trading services.
GOPAX emphasizes transparency, compliance with South Korean regulations, and advanced security protocols, positioning itself as a trusted platform in a highly regulated market.
GOPAX utilizes a combination of secure server infrastructure, encrypted communications, and compliance-driven operational processes to maintain high security standards. Its ISO/IEC 27001 and K-ISMS certifications validate its robust information security management system, ensuring that trading, data storage, and network operations meet international and national standards.
As one of South Korea’s top five cryptocurrency exchanges, GOPAX holds a strong position in the domestic market, recognized for regulatory compliance, security, and strategic blockchain partnerships. The potential acquisition by Binance, a leading global cryptocurrency exchange, signals increasing international interest and may expand GOPAX’s access to liquidity, infrastructure, and global crypto markets.
Participation in digital asset trading on GOPAX carries standard risks associated with cryptocurrencies, including market volatility, regulatory changes, and operational risks. Users should also consider the implications of corporate changes, such as the proposed Binance acquisition, which may influence platform governance, strategic direction, and market positioning over time.
The funding for the GOPAX acquisition was made from the $1 billion Industry Recover Initiative — a co-investment project led by Binance.
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
Binance is reportedly completing its acquisition of Korean crypto exchange Gopax after finishing due diligence.
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