Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean company. Nejc Kodrič will stay the CEO of the change. The Korean group additionally owns gaming large Nexon and Korbit, the nation’s fourth largest crypto change.
Additionally learn: Yahoo! Japan Confirms Entrance Into the Crypto House
The oldest remaining and largest cryptocurrency change in Europe, Bitstamp, introduced on Monday that it has been acquired by Belgium-based funding firm NXMH, a subsidiary of South Korea-based NXC Corp.
In a weblog publish, Bitstamp CEO Nejc Kodrič wrote:
Bitstamp has been often approached by suitors for fairly a while. The rationale why we lastly determined to promote the corporate is a mixture of the standard of the client, the standard of the provide and the truth that the trade is at a degree the place consolidation is smart.
He informed Reuters, “The sale wasn’t deliberate. There was no lively effort to go…