Bitstamp May be Connected with Nexon

Public filings establish the strong link yet between Bitstamp and Korean gaming firm Nexon
09 July 2018   573

The corporate report of NXC Holding confirms that the giant of the game industry Nexon and one of the oldest bitcoins-exchanges Bitstamp could conclude a partnership. However, it remains unclear whether it is a direct purchase of the trading platform, reports CoinDesk.

Thus, NXC Holding is the sole shareholder of the Belgian investment and consulting company NXMH B.V.B.A., which owns 99% of the Belgian Bitstamp Holdings N.V.

It should be noted that even on April 25 Bitstamp Holdings N.V. made a purchase of Japanese Bitstamp Japan Co., Ltd. Nevertheless, the operator of the exchange is British Bitstamp Limited, and the appointment of the Japanese company is unknown.

Nexon also stressed that the Belgian company is not a trading platform operator.

People want to trust other people within new games, and blockchain technology can help bring that reputation across different sort of games.

Owen Mahoney

CEO, Nexon's U.S.

In January 2017, the Bitstamp exchange has achieved the goals of the investment campaign ahead of schedule, raising € 1.3 million.

Bitstamp to Launch New Matching Machine

New trading system, developed by Cinnober is called TRADExpress
06 November 2018   259

The leading European bitcoin exchange Bitstamp announced its decision to abandon its own trading engine used all these years. It will be replaced by the new trading system of the Cinnober.

According to the Bitstamp report, the TRADExpress trading system will increase the capacity and capabilities of the platform, especially during periods of high volatility.

This is a crucial step on our mission to bridge the gap between crypto and traditional finance and will push the technological frontier in crypto trading a step further.

Bitstamp Team

As the company assures, it chose the Cinnober solution, as the latter has proven experience in global financial markets, shares its vision and has the ability to work closely together in terms of customizing the technology for individual needs.

The launch of the new application matching engine will take place in several stages: the first changes will take place in early 2019, and the full implementation of the solution will be completed in the second quarter.

While Bitstamp’s matching engine was already very good by crypto standards, this will put us in the same league as traditional exchanges with decades of experience. Our platform’s order matching speed is expected to become 1250x faster, while throughput will increase by 400x.

David Osojnik 

CTO, Bitstamp

The decision to change the trading engine was the first major step for Bitstamp after last week the investment company NXMH, based in Belgium, announced the purchase of the exchange.