Bitstamp CEO Nejc Kodrič. Bitstamp
- The European cryptocurrency exchange Bitstamp is up for sale, according to people casero with the overeenkomst, and a South Korean gaming company is said to be te pole position to acquire it.
- The price is said to be about $350 million, according to two of the people.
- Bitstamp is the oldest surviving bitcoin exchange.
LONDON &mdash, Bitstamp, the world’s oldest surviving bitcoin exchange, is up for sale, according to people acostumbrado with the matter, and a South Korean gaming company is said to be close to finalizing a overeenkomst to buy it.
Three people with skill of the overeenkomst told Business Insider that Bitstamp wasgoed te the middle of a sales process, and two of those people named Nexon spil the likely buyer. They said the price being discussed wasgoed about $350 million. All three declined to be named, spil they are not authorized to discuss the overeenkomst.
The situation is fluid, and a overeenkomst could fail to materialize. Two of the people told Business Insider that Bitstamp had bot involved te at least one other sale process before the Nexon overeenkomst, tho’ they did not elaborate on the attempted transactions.
A representative for Nexon Japan said: “Wij can neither confirm strafgevangenis deny the facts about your inquiry.”
A representative for Bitstamp said: “I am not ter the position to comment on the matter. Wij gladly ask you to keep an eye out for any official statement from our side on the topic of your inquiry.”
The Luxembourg-headquartered Bitstamp, founded ter 2011, has Trio million registered accounts and 500,000 active trading accounts, its CEO told Business Insider ter January. The exchange is the world’s 13th fattest and had a 24-hour trade volume of $246 million spil of Tuesday. The spot price of bitcoin on Bitstamp is one of the measures CME Group uses to calculate the price of futures contracts.
Nexon Group, founded te 1995, specializes te PC and mobile games. It has developed titles such spil the Korean and Japanese versions of “Tegenstoot Strike” and the Korean version of the soccer spel “FIFA Online.” The company is listed on the Tokyo Stock Exchange with a market capitalization of 1.Three trillion yen ($12.7 billion, £9.1 billion).
Japan is a hub for cryptocurrency trading, and 40% of bitcoin trading from October to November wasgoed conducted te yen, according to a Nikkei report.
Bitstamp CEO Nejc Kodrič told Business Insider ter January that the business had grown from a few dozen people at the embark of last year to almost 200 employees spil the exchange witnessed a surge ter fresh sign-ups at the end of .
Kodrič said the exchange wasgoed getting spil many spil 100,000 fresh sign-ups a day te December and added that Bitstamp had “more than enough internal specie flow to sustain the growth of the company.”
The sale of Bitstamp is part of a flurry of dealmaking ter the cryptocurrency exchange space. The Goldman Sachs-backed cryptocurrency business Circle acquired the exchange Poloniex for $400 million ter February, and earlier this month the online brokerage Monex Group bought the Japanese cryptocurrency exchange Coincheck.
Bitstamp raised £7 million ($Ten million) from Pantera Caudal te 2013 and £1.7 million ($Two.Four million) through a crowdfunding campaign at the embark of .
South Korean regulators said they were preparing to kerkban bitcoin trading te the country, following a crackdown on initial coin offerings te . Te February, the regulators softened their stance and signaled support for “común” cryptocurrency trading, according to a Bloomberg report.