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Belgium-Based Investment Firm Acquires Bitstamp

  • Bitstamp CEO claims that they decided to seal the deal with NXMH since they will be able to retain their ownership stake and keep controlling the exchange

Cover image via U.Today

Reuters has just revealed that the investment firm NXMH, which is based in Brussels, had bought a Luxembourg-headquartered cryptocurrency exchange Bitstamp. Last Thursday, they sealed the deal which presupposes that Nejc Kodrič, CEO of the exchange, will preserve a 10 percent stake in his now-acquired company, further presiding over the startup’s operations. A crypto hedge fund giant Pantera Capital will also keep its six-percent share.

According to Kodrič, the ability to retain the status quo was the main reason behind teaming up with NXMH. Bitstamp had four interested bidders in total.   

The $2 bln fund manager also owns the South Korean exchange Korbit, but there will no cooperation with Bitstamp, the report reveals.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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