Binance To Sell Majority Stake In GOPAX Shares

The post Binance To Sell Majority Stake In GOPAX Shares appeared first on Coinpedia Fintech News

Binance is in the final stages of negotiations with Megazone to sell its stake in Streami, the operator of GOPAX, to reduce its 72.6% stake to around 10%. The report suggests that Binance is pushing the sale of Gopax shares to improve its governance structure as requested by local financial authorities. The sale comes a few weeks before Gopax is expected to renew its real-name account contract with Jeonbuk Bank in August. Jeonbuk Bank and Gopax signed a two-year real-name account contract in August 2022 which expires on August 11, 2024.