Luxembourg-based cryptocurrency exchange Bitstamp has been bought by NXMH, an investment firm based in Belgium and owned, in turn, by South Korean conglomerate NXC.

In a deal signed late last week, NXMH took a majority ownership stake in the exchange. CoinDesk reported Bitstamp CEO Nejc Kodric will retain a minority ownership stake and continue running the exchange’s operations.

In addition, the venture capital firm Pantera Capital will hold a 6 percent ownership stake in the exchange. The deal’s terms and sale price were not disclosed.

NXMH’s parent company, NXC, also owns the South Korean cryptocurrency exchange Korbit as well as Nexon, which makes  games for desktop and mobile platforms.

Bitstamp’s customers will not see any immediate change in services, Kodric told CoinDesk. Read more here.

ThirtyK Staff
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