Binance has recently completed due diligence on the acquisition of South Korean exchange Gopax, and is in the final steps of the confirmation process. Relevant people familiar with the matter said: "The original plan was to announce the acquisition around Christmas last year, but the final negotiation on the value of the shares is underway." It is reported that Binance will acquire the shares represented by Li Junxing (transliteration), Gopax's largest shareholder 41.2%), but in order to stabilize the operation, the original management system will be maintained for the time being. Gopax is one of the top five exchanges in South Korea where cryptocurrencies can be bought and sold in Korean won.