The approval comes after prolonged concerns over potential anti-money laundering risks. Local authorities had previously postponed the full acquisition due to these issues. Resolution of Binance’s compliance challenges in the U.S., including a $4.3 billion settlement with the Securities and Exchange Commission (SEC) and Department of Justice, appears to have influenced the South Korean decision.

Strategic Importance for Binance

Gopax is one of the five South Korean exchanges authorized for cash-to-crypto transactions, requiring strict know-your-customer (KYC) and anti-money laundering (AML) compliance. Binance’s acquisition allows it to reenter one of Asia’s largest crypto markets.

Binance CEO Changpeng “CZ” Zhao has shown increasing interest in South Korea and other Asian regions. South Korea’s thriving crypto ecosystem, strong talent pool, and active entrepreneurship make it a key strategic market for Binance’s blockchain and Web3 expansion.

The Gopax acquisition also comes after a 2023 withdrawal crisis. Genesis Global Capital (GGC), Gopax’s DeFi partner, froze $47 million in customer funds linked to Gopax’s GoFi product, following GGC’s Chapter 11 filing after the FTX collapse. Binance stepped in to provide liquidity and stabilize Gopax.

Market Implications

Upbit currently dominates the South Korean crypto market with over 72% market share. Binance’s return via Gopax could gradually shift market dynamics, attracting users with renewed confidence in liquidity and compliance.

BNB, Binance’s native token, has seen a one-month price surge of roughly 50%, reaching a peak of $1,370 before trading around $1,186, down 2% in the last 24 hours. Trading volume decreased by 40%, indicating moderate investor caution but overall positive market sentiment.

The acquisition underscores Binance’s commitment to regional growth and regulatory alignment, solidifying its position as a global crypto leader.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Officially Reenters South Korea via Gopax Buyout appeared first on Coin Engineer.

Coinbase has promised compensation to all affected users. The company will also cover losses for users deceived by social engineering attacks during this process, aiming to maintain user trust. Additionally, Coinbase created a $20 million reward fund to incentivize information leading to the identification of the attackers. The crypto exchange has started implementing new security measures to prevent user harm. 

Coinbase Cyber Attack

In a clear stance shared on X , Coinbase CEO Brian Armstrong stated: 

“We will not pay ransom to extortionists. Instead, we offer a $20 million reward to those who provide information leading to the identification and prosecution of the perpetrators.” 

Following the attack, Coinbase increased its security measures. A new customer support center was established in the US, where identity verification and fraud awareness notifications became mandatory. Moreover, additional identity verification processes were added for high-value transactions. These steps aim to protect user accounts. The company also announced that it will provide regular updates to users in the coming days. 

The Method Behind the Attack 

The attackers attempted to infiltrate the system by bribing some customer representatives working abroad. Coinbase described this as an unusual and complex social engineering attack. However, the attackers did not gain access to sensitive systems. 

Coinbase estimates that less than 1% of users’ data was affected. Nevertheless, it warned customers to remain vigilant against potential fraud risks. This incident has once again highlighted the growing cyber threats in the crypto sector. Last year, India-based WazirX lost $230 million in a similar attack. Coinbase’s breach underscores the urgent need for data security and regulatory measures. 

Security at crypto exchanges has become not only a technological but also a strategic priority. Users should protect their accounts with two-factor authentication and strong passwords. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Hit by Cyber Attack: CEO Sends Message of No Ransom appeared first on Coin Engineer.

Officially known as Payward Inc., the company is targeting an IPO in the first quarter of 2026, according to sources familiar with the matter who requested anonymity. One of the sources mentioned that plans could still change before they are finalized.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This development comes right after the SEC agreed to drop its case against Kraken. Previously, the company was forced to shut down its staking services in the US but now aims to accelerate market expansion under the new regulatory approach.

The IPO preparations are seen as a crucial step for major players in the crypto sector and their growth strategies. Leading digital assets like Bitcoin and Ethereum remain sensitive to such developments.

The decreasing regulatory uncertainty in crypto markets could create new opportunities for investors.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Kraken Plans IPO in 2026: SEC Case Dropped appeared first on Coin Engineer.

Pyth Network and Bittensor Begin Trading on Coinbase

Coinbase continues to prioritize market security and user experience by listing new projects. According to the recent announcement, Pyth Network (PYTH) and Bittensor (TAO) will now be available for trading on both Coinbase and CoinbaseExch platforms. However, an important note to remember is that these tokens will only be available in supported regions. Investors must transfer these tokens exclusively via the correct networks; otherwise, funds may be at risk of being lost.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Pyth Network (PYTH) is a rapidly growing SPL token operating on the Solana network, known for faster transaction confirmation times and decentralized finance (DeFi) solutions. On the other hand, Bittensor (TAO) stands out with its decentralized structure based on deep learning networks, catching the attention of investors looking for innovative projects.

Tokenbot (CLANKER) Added to Coinbase Roadmap

In addition to listing Pyth Network and Bittensor, Coinbase has also added the Tokenbot (CLANKER) project to its roadmap. This demonstrates the platform’s ongoing commitment to contributing to the crypto ecosystem and interest in cutting-edge projects. Users can now explore more opportunities and trade new options within the exchange.

As always, Coinbase prioritizes the security of its users and continues to provide new projects, ensuring greater transparency in the cryptocurrency space.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Makes Two New Listings! appeared first on Coin Engineer.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

After merging with Thunder Bridge Capital Partners IV, Coincheck received the necessary approval from the U.S. Securities and Exchange Commission (SEC). This Nasdaq listing is seen as a significant step in the company’s global expansion strategy. Additionally, being a subsidiary of Monex Group, the exchange will remain under Japanese control, boosting trust in local markets.

Monex Group Chairman and Coincheck’s Executive Chairman Oki Matsumoto described the process as the “fusion of Japan’s robust business foundation with U.S. capital markets.” Meanwhile, Thunder Bridge IV CEO Gary Simanson stated that Coincheck is advancing towards becoming a leader in the global crypto and Web3 sectors.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coincheck Go Public on Nasdaq appeared first on Coin Engineer.

The introduction of ZROUSDT as a new USDⓈ-M contract significantly expands the trading options available on the platform, providing users with advanced opportunities to trade cryptocurrencies.

Designed to offer users a variety of strategies and tools to optimize their trading experiences, Binance Futures’ latest addition is a testament to the platform’s commitment to providing innovative solutions.

This move aligns with Binance’s ongoing efforts to diversify its futures trading options and cater to the evolving needs of its growing user base.

Starting from the specified date and time, users can access the ZROUSDT contract and explore new trading possibilities within the USDⓈ-M market segment.

For more details about the new contract and trading strategies, users are encouraged to visit the Binance Futures platform.

The post Binance Expands Futures Copy Trading with New ZROUSDT Pair appeared first on Coin Engineer.

The affected trading pairs include MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT, and SLN/USDT. Deposit functions for these pairs were disabled yesterday.

According to the official announcement, withdrawal functions will be completely terminated on November 9th.

Jumpstart Project Delisted

Among the delisted tokens is Meson Network (MSN), a project launched under OKX’s Jumpstart program in April. The exchange had previously touted MSN as a “revolutionary” project.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post OKX Delists 9 Trading Pairs, Including Jumpstart Project appeared first on Coin Engineer.

Crypto Exchanges Embracing Legal Compliance

Following the official publication of the cryptocurrency law in the Official Gazette this week, cryptocurrency exchanges are implementing changes to ensure compliance. Binance had previously announced the gradual removal of Turkish language support and the termination of marketing activities directed towards Turkish users within three months.

Echoing Binance’s decision, Gate.io issued a similar announcement today. The statement reads, “Turkish language support on Gate.io will be discontinued within 3 months. Gate.io’s advertising and marketing activities directed towards Turkish residents will be terminated.”

Platform Access Remains Open

The announcement emphasized that Gate.io’s platform will continue to be accessible to Turkish residents. Gate.io further stated that it will closely monitor any new regulations introduced by the Capital Markets Board of Turkey (SPK) in the future. The exchange also assured users that their funds remain secure under Gate.io’s protection and that the aforementioned changes will not affect deposit/withdrawal or cryptocurrency trading activities.

The post Gate.io Follows Binance in Discontinuing Turkish Language Support and Marketing Activities appeared first on Coin Engineer.

Don’t forget to follow Coin Engineer News for such instant news

Streamlined DeFi Experience with Jupiter

Jupiter’s core mission is to simplify DeFi interactions by offering a comprehensive suite of services that enhance user experience and accessibility. Functioning as an aggregator, Jupiter integrates various DeFi protocols into a unified interface, allowing users to navigate the complexities of DeFi with ease. Core functionalities offered by Jupiter include token swapping, liquidity provision, and yield generation – all essential pillars of the DeFi landscape.

Mutually Beneficial Listing for Upbit and Jupiter

JUP’s inclusion on Upbit represents a significant development for both parties. Upbit leverages this listing to expand its offerings and cater to the growing interest in innovative DeFi projects. For Jupiter, the listing on a major exchange like Upbit fosters increased visibility and accessibility, potentially bolstering token adoption and liquidity. While JUP briefly spiked to $1.10 after the announcement, it was trading at $0.8 at the time of writing.

The post Upbit Lists Jupiter (JUP) for Trading appeared first on Coin Engineer.

Bounce (AUCTION) has been listed on Upbit, South Korea’s leading exchange, where Bitcoin (BTC) and Ethereum (ETH) trading volumes have been lagging behind altcoin volumes.

Upbit announced the listing of AUCTION at 10:00 AM KST today on its official website.

The exchange stated in its announcement that AUCTION deposit transactions will only be open for the Ethereum network. Upbit also warned that transfers from other networks should not be made.

You may be interested: Celsius paid its debts after bankruptcy

It was stated that AUCTION will be traded in South Korean Won (KRW) pairs, and after this listing, investors will be able to buy and sell AUCTION/KRW trading pairs.

According to CoinGecko data, AUCTION took off after the listing announcement. The AUCTION price soared 80% from $17.3 to $31.4. AUCTION, which has since pulled back slightly, is trading at $29.2.

The post Upbit Listing Announcement Sends Altcoin Price Soaring 2x in 5 Minutes! appeared first on Coin Engineer.