Report: South Korean Gaming Company In Talks To Buy Bitstamp
According to a report recently published by Business Insider, South Korean gaming company Nexon, known for creating PC and mobile games, is reportedly in talks to buy cryptocurrency exchange Bitstamp.
Business Insider's reports cites three people familiar with the matter, who refused to be identified because they aren't authorized to discuss the deal. They did, however, claim the price being discussed was of around $350 million.
Per their words, the deal could not materialize, however. They claimed Bitstamp had been in talks with another company, but apparently that other deal went down.
Bitstamp reportedly has 3 million registered accounts, and over 500,00 active trading accounts. It's currently the 13th largest cryptocurrency exchange, after processing a trading volume of over $335 million in the last 24-hour period.
The deal comes after Goldman Sachs-backed payments company Circle purchased cryptocurrency exchange Poloniex for $400 million.