Crypto Exchange Bitstamp Acquired by South Korean NXC for ~ $400 million

in #crypto6 years ago (edited)

NXMH, a Belgian investment company owned by NXC, acquired the majority of Bitstamp shares in October 2018. NXC also owns the South Korean cryptocurrency exchange Korbit and the Korean-Japanese video game company Nexon.
The majority stake, approximately 80%, is now held by NXC and the purchase price is estimated at approximately $400 million. CEO Kodrič retains a 10% stake in Bitstamp, while Pantera Capital's remaining shares amount to 7%.

Company Background

Bitstamp was established in Slovenia in July 2011 but later relocated its registration to the UK in April 2013 and to Luxembourg in 2016.
It is the second largest Bitcoin exchange in Europe, right behind Kraken Bitcoin Exchange.

42549933030_6e67d59678_k.jpg
picture taken by Marco Verch, CC BY 2.0

Infobox - Comparison of crypto exchanges

RankExchangeMarketsVolume (24h) 5th Nov 2018
#01OKex514$775M
#25Kraken69$90M
#32Bitstamp14$60M
#63Korbit8$12M

Sources and additional links:

https://coinmarketcap.com/rankings/exchanges/
https://cryptocoincharts.info/markets/info
https://www.reuters.com/article/us-bitcoin-exchange-bitstamp/european-investment-firm-buys-digital-exchange-bitstamp-in-all-cash-deal-idUSKCN1N314I
https://bitcoinexchangeguide.com/bitstamp-crypto-exchange-ownership-change-looks-to-be-just-the-start-of-management-shakeups/
https://www.bitdegree.org/tutorials/bitstamp-vs-kraken/#The_Bitstamp_Story

Sort:  

Congratulations @techtimize! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.21
TRX 0.26
JST 0.040
BTC 100671.43
ETH 3655.73
USDT 1.00
SBD 3.14