Nexon Korea CEO Lee Jung-hun on Wednesday denied rumors that the company is considering the acquisition of Bitstamp, the world’s oldest surviving Bitcoin (Bitcoin) exchange, The Korea Herald reports.
Speaking to reporters at the company’s headquarters in Pangyo, Lee said “Nexon Korea has nothing to do with a Bitstamp acquisition.”
“We do not have any plans to link cryptocurrencies with our game business,” he said.
In the meantime, Lee did not rule out the use of blockchain in game development efforts.
The remarks come in the wake of a Business Insider report suggesting Bitstamp was in the middle of a sales process, and that Nexon was the likely buyer in a roughly $350 million deal.
Founded in 2011, the Luxembourg-headquartered Bitstamp is the world's 13th biggest exchange. It has 3 million registered accounts and 500,000 active trading accounts.
By Jade Olafson