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  • 04/25/2018

    Ljubljana/Seoul, 25 April (STA) - South Korean gaming company Nexon has rejected speculations it was buying Slovenian-owned Bitstamp, one of the largest cryptocurrency exchanges in Europe. "Nexon Korea does not have anything to do with a Bitstamp acquisition," Nexon's CEO Jung-hun said in the wake of a Business Insider report about an alleged US$ 350m acquisition.

    The executive said that Nexon does "not have any plans to link cryptocurrencies with our game business".

    However, he added this did not mean the company was not considering the prospects of blockchain technology.

    Nexon became last September the indirect majority owner of Korbit, the third biggest cryptocurrency exchange in South Korea.

    Bitstamp, according to Business Insider the oldest surviving bitcoin exchange in the world, was set up in 2011 by Slovenians Damijan Merlak and Nejc Kodrič, who have retained about a third of the stock.

    It is currently registered in Luxembourg and is the 13th largest cryptocurrency exchange in the world with around half a million trading accounts and an average daily trading volume of 246 million euro.


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