Search results for GoFi
Crypto
Financial firms join crypto exchanges, could shake up digital asset market
South Korea\'s won-based digital asset exchanges are bringing in financial companies as new shareholders to bolster their business foundations, drawing attention to whether the market led by Upbit and Bithumb could shift. CoinGecko data put Upbit’s 24-hour volume share at 72.1 percent and Bithumb’s at 22.3 percent. Trading activity has declined, while Coinone, Korbit and Gopax move to expand capital and business ties with financial groups.
People
Gopax appoints former AWS Korea executive Kim Na-young as CEO
Digital asset exchange Gopax has appointed Kim Na-young, former head of financial business development at Amazon Web Services Korea, as its new chief executive. The company plans to speed up efforts to resolve long-unsettled unpaid GoFi customer funds, normalise management and prepare to renew its virtual asset service provider registration. Operator Streami announced the appointment on July 27, and said major shareholder Binance will support the turnaround work.
Crypto
Binance aims to complete GoFi compensation this year, renews push into South Korea
Binance Asia-Pacific head SB Seker said the exchange aims to complete compensation for GoFi users within this year, The Block reported on Jan. 30. Seker said stakeholders want the compensation process finished and that Binance is ready to reorganise Gopax afterward. GoFi faced a liquidity crisis after withdrawals were halted following Genesis Global Capital’s bankruptcy. Compensation will be based on the same quantity, not the amount at the time, The Block said.
