Bitstamp, NXMH buys the crypto exchange
Bitstamp, NXMH buys the crypto exchange

Bitstamp, NXMH buys the crypto exchange

By Amelia Tomasicchio - 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“.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.

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