Skip to content

Nexon Korea’s CEO Denies Rumors of Acquiring Bitstamp

April 29, 2018

Nexon Korea’s CEO Denies Bitstamp Purchase

Lee Jung-hun, CEO of the video game company Nexon, recently denied all rumors of acquiring Bitstamp in a press conference.

On Thursday, a rumor started circulating in the crypto world that the oldest bitcoin exchange was available for sale. Sources also stated that the South Korean gaming company, Nexon, was in talks of buying it for an estimated $350 million.

Lee Jung-hun, became CEO of the $13 billion company this January. This was his first press conference since joining the team.

During the press conference held at Nexon’s HQ, he stated, Nexon Korea does not have anything to do with a Bitstamp acquisition.” He added, “We do not have any plans to link cryptocurrencies with our game business.”

Although this rumor has been denied, many other Asian giants are planning on stepping into the crypto world. Last month, Yahoo Japan was also found to be preparing to launch its very own cryptocurrency exchange. In fact, even the parent company of Nexon, NXC Corporation, headquartered in Japan, has already bought 65% of the controlling stake in the Korean crypto exchange, Korbit.

Let’s see how many more companies jump into the digital currency industry.