Gaming Co. Nexon Korea Refuses Rumors That Will Buy Crypto Exchange Bitstamp
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Video game company Nexon Korea has denied that they are in talks to acquire Bitcoin (BTC) Bitstamp exchange, local news outlet The Korean Herald reported yesterday, April 25.
The company's refusal came after Business Insider wrote yesterday about the possibility of a rumored deal between Nexon Korea and Bitstamp, where the latter would get the first $ 350 million. In late March, Cointelegraph wrote about a report that Bitstamp would be sold to unnamed South Korean investors for about $ 400 million.
Nexon Korea CEO Lee Jung-hun told a news conference at Nexon Korea headquarters on Wednesday, April 25, that "Nexon Korea has nothing to do with Bitstamp acquisition," adding:
"We have no plans to connect cryptocurrency with our gaming business."
Lee Jung-hun, speaking to the public at a press conference for the first time since he became CEO in January, added that Nexon sees potential possibilities of using Blockchain technology for game development.
Nexon is a global video game company founded in Seoul, South Korea, and headquartered in Tokyo, Japan. The company is owned by NXC Corporation, which bought 65.19 percent stake in Korp's Korean crypto exchange last year.
Bitstamp, based in Luxembourg, is currently ranked number 10 on the CoinMarketCap for 24 hours trading volume, having traded nearly $ 448 million on day to time press.