Nexon's CEO to Refute Bitstamp Purchase Rumours

Lee Jung-hun, CEO of Nexon, said that " does not have anything to do with a Bitstamp acquisition"
26 April 2018   743

Business Insider reported that the oldest exchange Bitstamp to close the deal with the South Korean gaming company Nexon.

Bitstamp, founded in 2011 and headquartered in Luxembourg, last year became the oldest of the remaining crypto exchanges after the Chinese BTCC closed. At the moment, the 24-hour trading volume on Bitstamp is $ 500 million, making it the 10th largest exchange in the world.

The company Nexon, which released its first game in 1995, is estimated at about $ 13 billion.

According to Business Insider, Nexon paid $ 350 million for Bitstamp, but the company's CEO hastened to refute this information.

Nexon Korea does not have anything to do with a Bitstamp acquisition. We do not have any plans to link cryptocurrencies with our game business.

Lee Jung-hun

CEO, Nexon

Last September, Nexon acquired a controlling stake in the South Korean crypto exchange Korbit for $ 150 million. At that time, Korbit was the second largest exchange in South Korea; now the daily trading volume of this platform is about $ 100 million.

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   435

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.