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   929

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.

Coinbase to Have Over 960k BTC in a Vault

The company does not have direct access to these funds, which are also insured by the Federal Deposit Insurance Corporation
02 December 2019   344

Coinbase cryptocurrency exchange stores about 966,230 BTC in cold wallets of its custodian service, whose capitalization is about $ 7.1 billion. The company does not have direct access to these funds.

Exchanges' Funds
Exchanges' Funds

The second place in terms of funds in the cold storage is held by the BitMEX exchange with 265,140 BTC ($ 1.94 billion). This is followed by the Bitstamp platform - 229,490 BTC ($ 1.67 billion), Bitfinex - 146,120 BTC, Kraken - 136,780 BTC, Bittrex - 131,340 BTC and Coincheck - 35,090 BTC.

Note that Coinbase cryptocurrency deposits are insured by the Federal Deposit Insurance Corporation. However, any centralized management puts users ’assets at risk, experts recall.