The company NXMH bought 80% of Bitstamp


The company NXMH bought 80% of Bitstamp

Chapter Bitstamp has confirmed that the Belgian investment company NXMH bought 80% stake cryptocurrency exchanges. The deal was made fully in cash.

Needs, Kodrik did not disclose the amount and details of the acquisition, but said that in 2016 the company was estimated at $60 million. it is Known that he retained a 10% stake and will continue to hold the position of General Director. The company Pantera Capital, which four years ago invested $10 million in Bitstamp, also sold part of its shares to the Belgians.

According to Nadca the Kodrik, they have not planned the sale and do not want buyers. However, of the four interested buyers chose NXMH, because it will allow the exchange to continue to operate without modifications.

She NXMH is the daughter of the South Korean company NXC, which also owns the crypto currency exchange Korbit. The new owners claim that the site will continue to operate independently.

Chapter Bitstamp does not deny that the current market downturn has led to a reduction in trading volumes by 60-70%, but even now she makes a profit. Currently, the daily turnover of the platform is $100 million, and the total number of registered users exceeds 3 million

The data of the Chicago Mercantile exchange (CME) also show growing interest in bitcoin futures among investors. In the third quarter of the daily volume of traded contracts increased by 43% and reached 5 thousand transactions.

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