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The CEO of Nexon Korea denies the rumors of the acquisition of Bitstamp for 350 million dollars

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Video game company, Nexon Korea CEO Lee Jung-hun issued a statement in a press conference denying rumors of a Bitstamp acquisition.

Rumors that made the front page yesterday suggested that the oldest exchange of bitcoins was on sale and that the South Korean gaming company was the favorite for its acquisition. According to reports, "people with knowledge" said the price discussed was about $ 350 million.

However, at a press conference held at Nexon Korea's head office, Lee Jung-hun said: "Nexon Korea has nothing to do with an acquisition of Bitstamp,"


He added, "We do not plan to link cryptocurrencies to our gaming activity."

Lee Jung-hun became CEO of the gambling business worth about $ 13 billion in January. The press conference yesterday was the first since he got into his role. During the conference, he shared his vision and direction for the gaming company founded in Seoul, South Korea.

With approximately 3 million registered accounts and 500,000 active trading accounts, Bitstamp, based in Luxembourg, is the 13th largest stock exchange in the world and the only fully licensed cryptocurrency exchange in Europe. It was founded in 2011 and has become the world's oldest exchange when BTCC based in China has closed following a ban on cryptocurrency trading platform in the country.

Nexon, which launched its first game in 1995, today employs nearly 6,000 people and has developed Korean and Japanese versions of high-end PC and mobile games such as Counter-Strike and FIFA Online.

Companies trading cryptocurrency

Although the latest rumors of Nexon's acquisition were canceled, the news would not have been the first of its kind. Other announcements were made by Asian companies entering the cryptocurrency industry.

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In March, local sources reported that Yahoo Japan was preparing to launch a cryptocurrency swap and in April, a large Japanese brokerage firm confirmed its foray into the sector. Nexon is owned by NXC Corporation, headquartered in Japan, which last year acquired a 65% interest in Corbit, the Korean Crypto Exchange.

Image from Shutterstock.

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1 thought on “The CEO of Nexon Korea denies the rumors of the acquisition of Bitstamp for 350 million dollars”

  1. Wow, cool post. Id like to write like this too – taking time and real effort to make a great article but I procrastinate too a lot and never seem to get started. Thanks though.

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