One of the largest cryptocurrency exchanges Bitstamp was acquired by the Belgian investment firm NXMH.
NXMH, a Brussels-based company, acquired an 80% ownership stake in the Luxembourg-based crypto exchange. Bitstamp, founded in Slovenia in August 2011, is one of the world's oldest cryptocurrency exchanges.
ANNOUNCING: Bitstamp was acquired by Belgium-based investment company NXMH. Our team, leadership and vision all remain the same. We believe this is the logical next step on our mission to be the most trusted digital currency exchange on the market: https://t.co/UxjNpDeKNR pic.twitter.com/3MUoQtdXFn
— Bitstamp (@Bitstamp) October 29, 2018
The price of the deal is unknown, however, CEO Bitstamp Nejc Kodrič will retain its stake in the company. NXC, a South Korean investment firm, the owner of NXMH, also owns Korbit, a South Korean crypto exchange, and Nexon, the video games company.
The co-founder and CEO of Bitstamp Nejc Kodrič said that neither traders nor 180 employees of the company should notice any significant changes in the work of the exchange. Kodrič said that he retains a 10 percent stake in the exchange, expressed confidence that NXMH will help Bitstamp, as the company is seeking to expand its activities.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.