Gopax, part of Luxembourg-based VC fund 2be.lu investment portfolio, fulfils all the regulatory requirements to become South Korea’s 5th accredited crypto exchange.
Part of Streami Inc., one of South Korea’s most innovative blockchain companies, Gopax was launched to improve the infrastructure of the South Korean cryptocurrency trading market. It has been part of 2be.lu’s portfolio since 2019 and has also received the support of VNX, a Luxembourg-based tokenization and investment platform.
Compliance is paramount to becoming an accredited crypto exchange and Gopax has ticked all the boxes.
“I am incredibly proud to support such an outstanding team. Gopax proves to be a fighter with a strong commitment to being compliant and an exchange that operates with the highest standards. This accomplishment marks the beginning of the next stage of rapid growth for the company,” says Alexander Tkachenko, founder and managing partner of 2be.lu.
New Regulations, New Partnerships
To stave off the risks of market manipulation, the South Korean authorities introduced new crypto regulations in September 2021 which led Gopax to suspend its South Korean Won markets. Gopax gained momentum after this period due to their yield producing GoFi service, the most successful crypto deposit programme in Korea.
Having partnered with Jeonbuk Bank, Gopax joins leading exchanges Upbit, Bithump, Coinone and Korbit to become South Korea’s 5th crypto exchange. The partnership provides clients with real-name withdrawal and deposit accounts, making the exchange eligible to offer cash-to-crypto services.
Lauded by Luxembourg’s former finance minister Pierre Gramegna as “one of the success stories of the LHoFT,” VNX was the first European tokenization and investment platform to complete a VC deal using blockchain. Together with 2be.lu they can now be proud of having supported one of South Korea’s first crypto exchanges.
