GOPAX review: score, licensing and risks
64/100SCORE · CMixed record
Grade C, fair
FIU registered Korean exchange whose yield product froze customer funds after the Genesis collapse, a reminder that a licensed exchange and a licensed yield product are different things.
The facts
- FOUNDED
- 2017
- HEADQUARTERS
- South Korea
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Established venue in South Korea
- Local KRW deposit and withdrawal rails
✗ Weaknesses
- South Korea focused, so limited use elsewhere
- Less independent scrutiny than the global majors
- Smaller asset list and thinner liquidity
Incident history
2022
Its GoFi yield product was frozen when lending partner Genesis failed, leaving customer funds inaccessible for an extended period.
Our read
FIU registered Korean exchange whose yield product froze customer funds after the Genesis collapse, a reminder that a licensed exchange and a licensed yield product are different things.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.