Bitstamp, NXMH buys the crypto exchange
Crypto

Bitstamp, NXMH buys the crypto exchange

By Ilaria Stirpe - 29 Oct 2018

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Today’s announcement made by Bitstamp CEO Nejc Kodrič‘s confirms that the exchange is now owned by the investment company NXMH.

On Bitstamp’s blog, Kodrič announced to all customers of the cryptocurrency exchange the choice to sell the company to NXMH was made to achieve consolidation, reassuring everyone that Bitstamp will remain unchanged.

Nejc Kodrič says: “I want to assure you that Bitstamp remains Bitstamp. We will continue to innovate with the goal of giving our customers the absolute best trading experience. It is business as usual here. We do anticipate that this acquisition will strengthen Bitstamp’s positioning for growth, which will provide opportunities to better serve our customers. Customers should not have any concerns about their accounts or changes to the way we operate“.

NXMH is the European subsidiary of NXC, a well-known Korean company that invests in digital resources. In addition to owning Nexon, a manufacturer of popular games for desktop and mobile platforms, NXC also owns the South Korean cryptocurrency exchange Korbit, but any possible integration of the two platforms has already been denied.

Korbit and Bitstamp, in fact, will continue to work independently.

Also according to Kodrič, the sale of the Bitstamp platform was already in the air for quite some time thanks to the revaluations carried out over the years (39 million dollars in 2014 and 60 million dollars in 2016) that have brought together several companies.

Kodrič also explains: “We believe this acquisition is the logical next step in Bitstamp’s growth as a company and I look forward to the future with this team“.

Ilaria Stirpe
Ilaria Stirpe

Graduated with honors from Università La Sapienza in Rome, she obtained her master's degree in Visual Merchandising, specializing in Marketing and communication strategies for social networks. She previously worked as a Web Writer, SEO Specialist and reporter for online regional newspapers.

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