Media: The owner of Bitstamp and Korbit began to get rid of the crypto business
Korean owner of exchanges Bitstamp and Korbit began to reduce blockchain assets
Experts expect a shift in the focus of the crypto exchange owner from the virtual currency market to fintech
International consortium of news organizations developing transparency standards.
South Korean gaming giant and publisher Nexon Corporation, which owns the Bitstamp and Korbit crypto exchanges, has sold one of its most important blockchain companies. The leading Korean publication Chosun writes about this, citing sources close to the deal..
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In particular, it is reported that at the end of September Nexon sold 100% of the shares of Blockchain Entertainment Lab, a subsidiary of blockchain research and development, for $ 903 thousand.
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Recall that the Korean crypto exchange Korbit was sold to the game manufacturer back in September 2017 for $ 80 million. A year later, in October 2018, Nexon bought the Luxembourgian crypto exchange Bitstamp. According to unofficial data, the transaction amount was $ 350 million.
Meanwhile, the crypto exchanges themselves are actively expanding their business despite the controversial decisions within Nexon. Bitstamp introduced an additional layer of protection for digital assets in mid-October with an emergency insurance policy.
At the same time, according to unconfirmed reports, Bitstamp, together with the American crypto exchange Coinbase, actively contribute to supporting the liquidity of cryptocurrencies from the financial giant PayPal..
Korean exchange Korbit continues to rank among the four largest crypto trading platforms in South Korea.
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