Overheen the past few days, there were some strong rumours which indicated that Luxembourg based cryptocurrency exchange Bitstamp might soon be acquired by gaming company Nexon. It emerges that the negotiations were most likely going on for fairly some time. However, there show up to be no such plans from Nexon, spil the company&rsquo,s CEO has denied any plans for an acquisition.
Nexon CEO Lee Jung-hun wasgoed asked if the company plans to acquire Bitstamp at a press event held at Nexon&rsquo,s Pangyo headquarters, where he denied it. &ldquo,Nexon Korea does not have anything to do with a Bitstamp acquisition.&rdquo, The CEO added that: &ldquo,Wij do not have any plans to verbinding cryptocurrencies with our spel business.&rdquo,
Bitstamp is presently the 9th largest cryptocurrency exchange ter the world with the most latest 24-hour trading volume being that of $550 Million. Having began off operations ter August 2011, Bitstamp is the oldest surviving cryptocurrency exchange and a popular name with millions of investors and traders across the world. Bitstamp CEO Nejc Kodrič exposed earlier this year that the exchange wasgoed getting spil many spil 100,000 fresh sign-ups a day te December – making it one of the fastest growing crypto exchanges ter the world.
Reports from the business insider, which very first broke this story, indicate that the alleged Bitstamp-Nexon acquisition overeenkomst would be worth $350 Million. Commenting on this rumour, a spokesperson for Bitstamp said: ",I am not ter the position to comment on the matter. Wij graciously ask you to keep an eye out for any official statement from our side on the topic of your inquiry.",
What is Nexon and Their Association with the Crypto Business:
For those who may not be aware of this gaming giant, Nexon is a gaming company which began off operations ter Seoul ter 1994 – but moved to Japan te 2005. To understand Nexon&rsquo,s scale of operations – the company employs almost 6,000 people – and is publicly listed on the Tokyo Stock Exchange since 2011. Nexon is a 13 Billion dollar corporation.
While Nexon Korea may have nothing to do with the Bitstamp acquisition, it is possible that its parent company NXC Corp might be involved. NXC has a history with crypto exchanges ter the past too, spil it acquired a majority stake te Korbit – one of the thickest cryptocurrency exchanges te Korea. It is possible that this overeenkomst might actually be going on inbetween NXC Corp and Bitstamp without the involvement of Nexon Korea.
If NXC indeed determines to buy Bitstamp for $350 Million – it would mean that Bitstamp would be acquired for $50 Million less than Poloniex, which wasgoed acquired by Circle for $400 Million.
Acquisitions On a Rise:
Overheen the past few months, wij have seen finta a few acquisitions happening ter the crypto-world. From cryptocurrency exchanges being acquired to cryptocurrency exchanges acquiring other companies – looks like a year where many big deals will be taking place.