Gopax
Gopax is a South Korean cryptocurrency exchange, one of five licensed VASPs in the country, serving Korean retail crypto investors with won-denominated trading and a bank-anchored wallet under Binance majority ownership.
- Company typePrivate
- Founded-
- HeadquartersSongpadong, South Korea
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Gopax does
Gopax is a South Korean cryptocurrency exchange operating as one of five licensed Virtual Asset Service Providers (VASPs) in the country, offering retail investors a platform to trade virtual assets with won-denominated deposit and withdrawal services at gopax.co.kr. The platform serves South Korean retail crypto investors — a market of roughly 13.26 million virtual asset users — and provides real-name verified accounts compliant with Korea's strict digital asset regulations. Core products include the Gopax spot exchange and a cryptocurrency wallet co-developed with Jeonbuk Bank (announced March 2025) that extends the platform into bank-anchored custodial wallet services. The technology stack is a standard regulated exchange architecture with no proprietary AI or ML components disclosed.
The business model is a transaction-fee exchange serving individual/SMB retail traders under a direct-to-consumer, self-serve go-to-market motion; no public pricing schedule or subscription tiers are disclosed. Gopax is the smallest of Korea's five major exchanges — sharing roughly 1 trillion won in customer deposits with Korbit and Coinone, against 7.49 trillion won held by Upbit's partner bank and 2.98 trillion won held by Bithumb's — and operates with reported headcount of 1-10. In October 2025, Binance completed its acquisition of a 67.45% majority stake after a two-year review by South Korea's Financial Intelligence Unit (KoFIU), resolving prior money-laundering concerns and positioning Gopax as Binance's Korean hub.
Gopax's near-term operating context is shaped by two regulatory milestones: coordination with the National Tax Service on the 22% crypto gains tax effective January 1, 2027 (applying to annual earnings above 2.5 million won), and a proposed Digital Asset Basic Act that could cap major shareholder ownership in VASPs at 15-20%, potentially requiring future adjustments to Binance's controlling stake. The company is also working to compensate customers affected by losses from its prior GoFi yield products, an overhang tied to its 2022 liquidity crisis and a key variable in its post-acquisition recovery.
Gopax firmographics
Firmographics- Name
- Gopax
- Legal name
- Gopax
- Website
- https://gopax.co.kr
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Gopax is a South Korean cryptocurrency exchange, one of five licensed VASPs in the country, serving Korean retail crypto investors with won-denominated trading and a bank-anchored wallet under Binance majority ownership.
- Ownership category
- akta.pro rank
Gopax industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
- akta.pro secondary industry
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
Keywords
Where Gopax is headquartered
LocationHeadquarters
- HQ city
- Songpadong
- HQ country
- South Korea
- HQ region
- Asia
Markets served
Gopax business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Distribution channels1 record
Gopax product offering
Product offeringCore offering
Gopax operates a South Korean cryptocurrency exchange platform where retail investors can trade virtual assets using won-denominated deposit and withdrawal accounts. The platform functions as a licensed Virtual Asset Service Provider (VASP) under Korean regulation and serves as Binance's Korean operational hub following the October 2025 majority-stake acquisition. It also extends into wallet services developed in partnership with Jeonbuk Bank.
Product overview
Gopax operates as a cryptocurrency exchange platform offering virtual asset trading services. The core offering is the Gopax exchange which enables cryptocurrency trading with Korean won deposit and withdrawal capabilities. Under Binance's ownership (67.45% majority stake acquired in October 2025), Gopax is positioned as Binance's Korean hub. The exchange has also partnered with Jeonbuk Bank to offer cryptocurrency wallet services. The platform is working to compensate customers affected by losses from its past GoFi products.
Differentiator
Problem solved
Functional benefit
Products and services
- Gopax Cryptocurrency Exchange Virtual asset (cryptocurrency) exchange platform for South Korean retail investors, supporting won-denominated deposit and withdrawal of digital assets through real-name verified accounts. Operates as a licensed VASP under Korean regulation.
- Cryptocurrency Wallet Services Custodial cryptocurrency wallet developed with Jeonbuk Bank, giving bank customers real-name verified digital asset accounts tied to Gopax's VASP-licensed trading infrastructure.
Companies that use Gopax
Customer profileSegments1 record
Ideal customer profiles1 record
Gopax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Gopax partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- National Tax Service (South Korea)coreSouth Korea's National Tax Service is coordinating with major cryptocurrency exchanges including Gopax to finalize the technical framework for implementing the 22% crypto gains tax effective January 1, 2027. The tax will apply to annual crypto earnings exceeding 2.5 million won (approximately $1,850), affecting approximately 13.26 million virtual asset investors across Korea.
- Jeonbuk BankflagshipJeonbuk Bank partnered with Gopax to develop a proprietary cryptocurrency wallet, providing customers with real-name verified deposit and withdrawal accounts for digital assets. The partnership leverages Gopax's licensed VASP infrastructure and Binance's 67.45% majority stake, giving the regional bank access to global security protocols and market expertise. This collaboration is viewed as a potential blueprint for other regional and national banks seeking compliant entry into digital asset services.
Scale indicators2 records
Recent moves7 records
Expansion highlights4 records
Gopax competitors and assessment
Company assessmentBroad incumbents
- Binance: Global cryptocurrency exchange and majority parent of Gopax following the October 2025 acquisition. Provides the liquidity and infrastructure backbone for Gopax while operating its own global exchange platform that overlaps in functionality at the global level.
- Crypto.com: Global regulated cryptocurrency exchange and app with strong fiat on-ramps and consumer-facing products. Comparable to Gopax in serving retail crypto investors via a regulated platform, though with broader geographic reach.
- Coinbase: Largest publicly traded US cryptocurrency exchange offering regulated spot trading, custody, and staking services. Comparable to Gopax as a regulated, fiat-onramped exchange serving retail crypto investors, though operating at much larger global scale.
- OKX: Global cryptocurrency exchange offering spot trading, derivatives, and Web3 services. Comparable to Gopax in core spot exchange functionality though operating globally rather than within Korea's regulated five-VASP framework.
- HTX (Huobi): Global cryptocurrency exchange offering spot trading and derivatives. Comparable to Gopax as a centralized exchange platform serving crypto traders, with overlapping core product functionality.
Regional players
- Bitso: Latin America's largest cryptocurrency exchange operating under similar regulated, fiat-onramped exchange models as Gopax. Comparable as a regionally-focused regulated exchange serving local retail investors with local currency rails.
Direct peers
- Upbit (Dunamu): Largest South Korean cryptocurrency exchange with approximately 63% market share. Operates under the same five-VASP regulatory framework and serves the same Korean retail crypto investor base as Gopax, making it the dominant direct competitor.
- Korbit: One of the five major licensed South Korean cryptocurrency exchanges, similarly sized to Gopax and Coinone in the smaller-tier grouping holding approximately 1 trillion won combined in deposits. Directly comparable regulated Korean retail exchange.
- Bithumb: Second-largest South Korean cryptocurrency exchange with approximately 29% market share. Like Gopax, it is one of only five authorized VASPs in Korea and serves Korean retail traders with won-denominated deposit and withdrawal services.
- Coinone: One of the five major licensed South Korean cryptocurrency exchanges, grouped with Gopax and Korbit as the smaller-tier exchanges. Operates won-denominated trading and serves the same Korean retail investor segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Gopax social profiles
Digital presenceGopax compliance and trust
Trust signalCompliance1 record
Gopax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gopax leadership team
Management profileNumber of profiles
Gopax funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gopax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gopax
What does Gopax do?
Gopax operates a South Korean cryptocurrency exchange platform where retail investors can trade virtual assets using won-denominated deposit and withdrawal accounts. The platform functions as a licensed Virtual Asset Service Provider (VASP) under Korean regulation and serves as Binance's Korean operational hub following the October 2025 majority-stake acquisition. It also extends into wallet services developed in partnership with Jeonbuk Bank.
Is Gopax a public or private company?
Gopax is a private company. It is classified as corporate owned and is currently operating.
When was Gopax founded?
Gopax was founded in -1. It employs 1 to 10 people.
Where is Gopax based?
Gopax is headquartered in Songpadong, South Korea, in the Asia region.
Who are Gopax's main competitors?
Broad incumbents on record are Binance, Crypto.com, Coinbase, OKX and HTX (Huobi). Bitso is listed as a regional player. Direct peers are Upbit (Dunamu), Korbit, Bithumb and Coinone.
Does Gopax have an API?
No public API is recorded for Gopax.
What industry is Gopax in?
Gopax's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine), with a secondary code of FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated). Its NAICS code is 5232 and its SIC code is 6200.