Binance has secured regulatory approval to take majority control of GOPAX, marking its official return to the South Korean crypto market after more than two years of scrutiny.
The Financial Intelligence Unit (FIU) confirmed the approval on Wednesday, ending a prolonged impasse that had delayed its reentry since its 2021 exit over tighter banking and AML regulations. Meanwhile, an all-new crypto market presale is set to explode if the bull market returns in Q4.
GOPAX said the board change was part of “enhancing management stability and meeting necessary regulatory requirements.” – GOPAX
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99Bitcoins analysts believe the approval is a regulatory milestone rather than a market disruptor. Upbit and Bithumb still dominate South Korea’s exchange landscape, commanding roughly 72% and 24% of the market share, respectively, according to Kaiko Research.
“This signals reconciliation with regulators, but not a major disruption to Korea’s trading landscape,” one Seoul-based analyst told Decrypt.
🚨BINANCE BACK IN SOUTH KOREA!
🇰🇷Binance has reportedly completed its acquisition of local crypto exchange Gopax. pic.twitter.com/C9RXO61GA6
— Coin Bureau (@coinbureau) October 16, 2025
BNB is down -18% over the past week, crashing with the entire market.
Binance’s reentry brings deep liquidity and global infrastructure, but with its founder Changpeng Zhao still under U.S. restrictions, the world’s largest exchange faces a slow, cautious rebuild in one of Asia’s toughest crypto arenas.
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Crypto to Explode In November? Snorter Launches Snout First
Memecoins are filling the void where the oversaturated crypto market is faltering. Snorter is one of the few memecoin presales leading the pack (SNORT), a new token fresh off a $4.8M presale run. The edge here is SNORT being a no-frills Telegram sniper bot that lets degens automate trades, copy top wallets, and strike before institutional investors.
“Snorter is fast, stripped down, and built for a market that rewards speed.” – 99Bitcoins analyts
99Bitcoins analysts view Telegram utility bots, such as Snorter, as early indicators of what might drive the next phase of the bull market.
Under the hood, Snorter runs a custom scanner designed to detect suspicious contracts before they drain your wallet.
During testing, it flagged 85% of malicious tokens thanks to MEV-resistant relayers. This is shaping up to be one of the more fun meme tokens on the rise.
SNORT Some SNORTER Token Today
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Key Takeaways
- Binance has secured regulatory approval to take majority control of GOPAX, marking its official return to the South Korean crypto market.
- Under the hood, Snorter runs a custom scanner built to sniff out sketchy contracts before they drain your wallet..
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