Binance Continues to Expand Its Influence in the APAC Region through Gopax Acquisition

02/17/2023 06:11 • Blockchain Buzz • 122 views

On February 17, Leon Foong, who is responsible for Binance’s Asia-Pacific region, was appointed as the chairman of the board of directors of Gopax, a South Korean encryption trading platform that was recently acquired by Binance. Other new internal directors of Gopax include former Binance directors Steve Young-Kim and Ji Yu Zhao (head of Binance’s industry recovery plan). Most of the board members of Gopax are from Binance.

Leon Foong, who is responsible for Binance Asia-Pacific region, was appointed Chairman of the Gopax Board of Directors

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Binance, one of the world’s leading cryptocurrency trading platforms, recently announced the appointment of Leon Foong as the chairman of the board of directors of Gopax, a South Korean crypto trading platform. This move comes after Binance acquired a majority stake in Gopax earlier this year, further solidifying its position as a dominant player in the Asia-Pacific (APAC) region.

The appointment of Foong, who has been responsible for overseeing Binance’s operations in the APAC region, highlights Binance’s efforts to continue expanding its influence in the region. With his extensive experience in managing business operations in Asia, Foong will undoubtedly play a critical role in helping Gopax grow and thrive under Binance’s ownership.

Joining Foong on Gopax’s new board of directors are former Binance executives, Steve Young-Kim and Ji Yu Zhao. These appointments emphasize Binance’s commitment to integrating its experienced team members into Gopax’s operations, and leveraging their expertise to drive the company’s growth.

It is worth noting that most of Gopax’s board members come from Binance, further strengthening Binance’s control over the APAC crypto market. The acquisition of Gopax is just one of many steps that Binance has taken to expand its reach in the region. With a significant share of the crypto trading volume in APAC, Binance has become a major player in the region, and this latest acquisition is a clear indication that the company is not slowing down.

In conclusion, Binance’s acquisition of Gopax and subsequent appointment of its senior executives to key positions is undoubtedly a strategic move to strengthen the company’s position in the APAC crypto market. With Binance’s impressive track record and expertise in managing large-scale business operations, Gopax is in good hands, and customers can expect even better services and offerings in the future.

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