Bitstamp might get acquired by Nexon for $350M

One of the first digital currency exchanges to have ever existed can be sold to Nexon, a South Korean video game company. The rumors on this are circulating in the press and the traders’ community. The estimated sum of the deal is 350 million dollars.

The spokesperson of Nexon has declined to confirm or reject the rumors directly. Bitstamp members recommended to “keep an eye out for any official statement” regarding this matter. It seems that they are actually planning something joint due to their lack of desire to simply reject the speculations.

In comparison with the aforementioned deal sum, Coincheck has been acquired by Monex for $33.5M. The large difference between the two events is easily explained by the reputation parameter — Coincheck has become the #1 unprotected crypto exchange in the eyes of the market after a massive hack whilst Bitstamp has not been hacked in the recent 6 months. Not even the old 2015 hack of Bitstamp can be compared to the multimillion losses of Coincheck.

If even the cryptocurrency market giants are now being bought, the acquisition or possible future cooperation of lesser exchanges is only a matter of time.

Image courtesy of Glassdoor.com