Nexon Co., Korea's largest game developer, is taking another step into the cryptocurrency business. Last year, the company acquired Korbit, one of the three largest cryptocurrency exchanges in Korea. Now, it is seeking to acquire Bitstamp, a European cryptocurrency exchange.
According to the foreign news media and game industry, NXC, Nexon's holding company, is in the process of acquiring Bitstamp for US$350 million.
Bitstamp is one of the oldest cryptocurrency exchanges in Europe founded in 2011 and is now headquartered in Luxembourg. The exchange has about three million registered accounts and 500,000 active trading accounts with daily trading volume of US$ 246 million, the 13th largest in the world.
Earlier, NXC turned its eyes to investing in cryptocurrency exchanges by buying 120,000 shares of Korbit, a Korean cryptographic exchange for 91.1 billion won in November last year. If NXC buys Bitstamp, NXC will have cryptographic exchanges in Korea and Europe.