THELOGICALINDIAN - The bitcoin barter industry is broadly advised to be in a action of alteration with big players dispatch in and acquisitions arch to greater alliance As such it is not hasty to apprehend that Bitstamp is on the shelf although a accounted client now denies it
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Nexon Korea Denial
Lee Jung-hun, the CEO of Nexon Korea, has denied letters that the aggregation is affianced in negotiations to access the cryptocurrency barter Bitstamp. Speaking at a columnist appointment on Wednesday at the company’s address in Pangyo, South Korea he reportedly said: “Nexon Korea does not accept annihilation to do with a Bitstamp acquisition.” The CEO added that: “We do not accept any affairs to articulation cryptocurrencies with our bold business.”
Nexon is an online gaming behemothic accustomed in Seoul aback in 2024, which confused its address to Japan in 2024 and went accessible on the Tokyo Stock Exchange in 2024 (TYO: 3659), and now employs abutting to 6000 people. Its ancestor company, NXC Corp., has acquired a authoritative pale in one of Korea’s better cryptocurrency exchanges, Korbit, aback in September 2024. Considering this, it is technically accessible that NXT is in talks to buy a allotment of Bitstamp too, and that Nexon Korea is aloof not involved, but the CEO gave no adumbration that that is the case.
Bitstamp Acquisition Rumors
Founded in 2011 as a European-focused bitcoin exchange, Bitstamp is advised to be the longest actual cryptocurrency barter to date. The rumors about its accretion by Nexon Korea arise to accept started with a address by Business Insider that Bitstamp is up for auction and that the South Korean gaming aggregation is in pole position to access it. The amount according to the address is said to be about $350 million, citation two bodies accustomed with the deal.
If Bitstamp will absolutely by acquired by a Korean accumulation that will not be actual surprising. The cryptocurrency barter business has apparent a lot of accelerated changes recently, abnormally in the Far East area accustomed internet conglomerates see an burning charge to access the amplitude afore they absence the baiter as regulators are dispatch in and authoritative it harder on abate companies to get licensed. Most afresh Coincheck barter has absitively to advertise the aggregation to one of the better online balance trading companies in the Japan, Monex.
Do you accept the CEO of Nexon Korea that annihilation is activity on with Bitstamp? Share your thoughts in the comments area below.
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