Bitcoin exchange Bitstamp acquired by gaming group NXC

posted 7 months ago
Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC. The firm took a majority ownership stake through the deal. Bitstamp CEO Nejc Kodrič will retain a minority ownership stake and continue running the operations. NXMH's parent company, NXC, also owns the South Korean cryptocurrency exchange Korbit, and is South Korea's biggest game developer.

Bitstamp's CEO said the customers will not see any immediate change in services & that the exchange has an existing roadmap for improvement, which it intends to stick to for the time being. In a statement, NXMH investment manager Hendrik Ghys said "Bitstamp is one of the oldest and most-respected cryptocurrency exchanges and we see positive growth potential as the industry continues to evolve ... We acquired Bitstamp because we see it as a strategic, long-term investment."
Tags: bitcoin, news