South Korean Firm Interested in Buying Bitstamp, the Crypto Exchange

By , 25 Apr 2018, 13:13 PM Business
South Korean Firm Interested in Buying Bitstamp, the Crypto Exchange Montage: JL Flanner

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STA, 25 April 2018 – South Korean gaming company Nexon is keen on buying Slovenian-owned Bitstamp, one of the largest cryptocurrency exchanges in Europe, for a reported 350 million US dollars, Business Insider reported on Wednesday. 

Bitstamp, according to Business Insider the oldest surviving bitcoin exchange in the world, was set up in 2011 by Slovenians Damijan Merlak and Nejc Kodrič, who have retained about a third of the stock.

It is currently registered in Luxembourg and is the 13th largest cryptocurrency exchange in the world with around half a million trading accounts and an average daily trading volume of 246 million euro.

Nexon is a major gaming company that has recently been expanding into cryptocurrencies, including with the acquisition in September 2017 of a two-thirds stake in the Korean exchange Kornbit, Business Insider reports.

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