Nexon Can Buy Bitstamp For $350M

Bitstamp is one of the oldest cryptocurrency exchanges and has 3 million users
25 April 2018   854

South Korean company Nexon is negotiating the purchase of the oldest bitcoin-exchange Bitstamp, founded in 2011. This is reported by Business Insider with reference to informed sources.

According to the publication, the deal can amount up to $ 350 million. In addition, according to sources, Bitstamp is negotiating with another unnamed buyer.

Bitstamp takes the 13th place among the crypto-currency exchanges in the daily trading volume and has 3 million registered accounts. It should also be noted that this platform is the only licensed in Europe.

Representatives of both organizations refused to confirm or deny the fact of the negotiation process, however, Bitstamp advised the media to closely monitor all official statements regarding this issue.

Disney May Become Bitstamp & Korbit Owner

If the deal for $ 13.2 b will take place, Disney will become the owner of old exchanges
24 April 2019   447

Leading European crypto exchange Bitstamp and South Korean Korbit can become the property of The Walt Disney Company, one of the largest conglomerates of the entertainment industry. It is reported by Bitcoinist, with reference to the Korea Herald.

Currently, Disney is one of the main contenders for a 98.6% share of the largest South Korean game maker Nexon. The latter is one of the key assets of the company NXC, which also owns the exchanges Bitstamp and Korbit.

Thus, if the deal for $ 13.2 billion will take place, Disney will become the owner of a European exchange with a long history, which, according to some data, the investment division of NXC acquired a year ago for $ 350 million. At the same time, Nexon owns 65.19% of the oldest South Korean crypto-exchange Korbit.

Note that Disney has long been interested in blockchain technology. So, back in 2016, the corporation introduced Dragonchain’s own hybrid blockchain, designed to improve the efficiency of business applications and make them safer.