Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp

April 26, 2018 9:55 pm Published by

Nexon Korea, the video game company, has denied they are involved in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported Wednesday.

The denial despite Business Insider writing yesterday about a rumored deal between the two, where the acquistion would cost $350 million, CoinTelegraph reported.

Back in March, CoinTelegraph wrote Bitstamp was about to be sold to an unnamed South Korean investor for around $400 million.

At a news conference at Nexon Korea headquarters Wednesday, the report said, CEO Lee Jung-hun said “Nexon Korea does not have anything to do with a Bitstamp acquisition,” adding: “We do not have any plans to link cryptocurrencies with our game business.”

Lee, speaking to the public at the news conference for the first time since he became CEO in January, added Nexon does see potential in possibly using Blockchain technology for game development.

Nexon is a global video game company founded in Seoul, South Korea, CoinTelegraph reported. It is headquartered in Tokyo, Japan. The company  is owned by NXC Corporation, which bought a 65.19 percent stake in Korean crypto exchange Korbit last year.

Bitstamp, based in Luxembourg, is currently ranked number 10 on CoinMarketCap for 24-hour trading volume, having traded almost $448 million today., Jack Durschlag

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