Binance announced that it will continue to provide "sideline support" for the normal operation of Gopax, a cryptocurrency exchange in South Korea. Recently, City Labs became a shareholder of Gopax, which is considered a rebuttal to speculation that Binance is considering "withdrawing" from the South Korean market after transferring its equity to them. Steve Young Kim, Binance's Asia-Pacific director, said that obtaining authorization from financial regulators is not something we need to do, but GoPax will play an important role in it, and Binance will continue to support them when they need it.
