Disney Could Soon Own Oldest Bitcoin Exchange in $13 Billion Equity Deal

Disney Could Soon Own Oldest Bitcoin Exchange in $13 Billion Equity Deal

THELOGICALINDIAN - An disinterestedness action involving a South Korean gaming behemothic could end up with Walt Disney Co owning two above cryptocurrency exchanges

Happy Ending For Disney And Crypto?

As bounded account aperture JoongAng Ilbo appear quoted by Korea Herald April 17, Disney is currently one of the above bidders for a 98.6 percent pale in Nexon, South Korea’s better bold developer and the second-largest online amateur administrator in the world.

Nexon is 47 percent endemic by NXC, the administrator of which, Jung-ju Kim, is abaft the shares sale.

According to JoongAng Ilbo, assorted above entities had taken an absorption in the stake. These accommodate Tencent and Kakao, both of which are currently advancing cryptocurrency-related projects of their own.


Disney, however, is allegedly aboriginal in line, with Kim alone extensive out to the US corporation.

Should the $13.2 billion accord go ahead, however, Disney will accept admission to European barter Bitstamp via NXC’s advance anatomy NXMH, which purchased it for about $400 actor in backward 2024.

Also beneath ascendancy would be South Korean boilerplate belvedere Korbit, in which Nexon has a 65 percent stake.

Rumors Of A Done Deal

According to the Herald, the NXC mogul had captivated a bendable atom for Disney for some time, dispatch the acceptance that the accord would acceptable accept a specific outcome.

“What I backbiting the best about Disney is that they do not force money out of kids… (consumers) acquiescently pay Disney. Nexon has a continued way to go. Some bodies abhorrence Nexon to death,” it quotes him as adage in 2024.

Disney itself has hardly any acquaintance in the cryptocurrency industry, with the barring of a blah ICO activity dubbed ‘DragonChain’ in 2024.

While the new buyer could appropriately abandon its newly-acquired crypto portfolio, the clue almanac of both platforms could yet prove ambrosial as the cryptocurrency bazaar undergoes its latest renaissance.

Last week, Bitstamp became one of the few businesses to complete the action of accepting a BitLicense acceptance to serve users in New York.

“We attending advanced to accustomed the acquaint we’ve abstruse in Europe over the ocean and allowance to advance a bigger ambiance for all crypto businesses, both in the US and worldwide,” the aggregation wrote in an accompanying blog post.

Korbit additionally continues to columnist on admitting the 2024 buck bazaar proving boxy on its banking health.

This month, abstracts showed net anniversary losses for the antecedent twelve months totalled about 45 billion won ($40 million), still beneath than bazaar ample Bithumb, which afford afterpiece to $180 million.

What do you anticipate about Disney potentially accepting a pale in Bitstamp and Korbit? Let us apperceive in the comments below!

Images via Shutterstock, Bitcoinist archives