Disney in talks with company that owns Bitstamp, Korbit exchanges

22 Apr, 2019
by David Borman
Disney in talks with company that owns Bitstamp, Korbit exchanges

It has been revealed by The Daily Hodl that global entertainment leader Disney has been apparently in talks with the company NXC, which owns the largest video game publisher in South Korea, as well as two major cryptocurrency exchanges: Bitstamp and Korbit.

To be clear, nothing is finalized, and it is almost certainly not the crypto exchanges that Disney is trying to obtain, even if that will be the end result. For now what we know is that NXC chairman, Jung-ju Kim, is selling the 98.64% stake that him and his wife currently own in the company. We also know that Jung-ju met with a representative from Disney. More than likely, what Disney actually wants is access to Nexon, the South Korean video game publisher.

Jung-ju is quoted within the article:

"What I envy the most about Disney is that they do not force money out of kids … (consumers) gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death."

Nexon currently owns 65% of Korbit, hence NXC does, hence Disney will if this deal goes through. NXC also acquired Bitstamp in 2017 through one of its subsidiaries, NXMH, which is a Belgian-based investment group.

Bitstamp is not only the longest running Bitcoin exchange, founded in 2011, it is also one of the larger ones. Currently the daily volume on the exchange is about $56.7 billion. It is included in the 10 select exchanges that Messari uses in their “Real 10 Volumes” index.

It may be odd to imagine a near future where Disney owns two major cryptocurrency exchanges, but it looks like it could just happen. Will the deal go through? Stick with Chepicap for all updates!

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