Binance Accelerates Expansion in Korea: Leveraging GOPAX to Seize the Institutional Market, Targeting 2026 Payment Infrastructure

BlockBeats News, January 30, according to koreatimes report, Binance is accelerating its expansion in Korea through its subsidiary local cryptocurrency exchange GOPAX to support institutional adoption by 2026.

Binance's Asia-Pacific head SB Seker said in a video interview with The Korea Times on Friday, "Last year, 23% of the global (crypto market) growth came from institutional adoption. We believe that if Korea catches up in (regulatory) development, the growth trend will be similar, if not stronger."

In addition to core services such as spot trading and digital asset products, Binance is also committed to establishing infrastructure for institutional fund management and cross-border stablecoin settlement. Seker expects that once regulations are clear, Korean companies will start allocating crypto assets on their balance sheets and diversifying risks across different exchanges. Payment is another key area. Although cryptocurrency payments and remittances are still restricted to Korean domestic users, Binance is exploring collaboration with licensed local payment service providers to provide onshore transaction services for overseas visitors—Seker hopes that this will set a good example for regulators.