Category: Bithumb

South Korean gaming giant Nexon denies reports that it plans to acquire Bithumb

South Korean gaming giant Nexon denies reports that it plans to acquire Bithumb

South Korean gaming giant Nexon has denied that it plans to acquire crypto exchange Bithumb, as local media outlets claimed last week. “NEXON Co., Ltd. has not invested in Bithumb and has no plans to acquire that company,” Nexon spokesperson Jeff Brown told The Block in an email Sunday. “We cannot comment on the investment […]

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South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report

South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report

South Korean gaming giant Nexon is reportedly preparing to acquire Bithumb, the country’s biggest cryptocurrency exchange, for around 500 billion won (~$460 million). Local outlet Maekyung reported the news on Thursday, saying that Nexon is known to have signed a memorandum of understanding with Bithumb at the beginning of this month to acquire its 65% […]

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Breaking: Multi-Billion Dollar Gaming Conglomerate Preparing to Acquire 65% Stake in Bithumb

Bithumb, the largest South Korean crypto exchange is reportedly in talks with Nexon, a multi-billion dollar gaming conglomerate as per several local media reports. The report says Nexon plans to take 65% of Bithumb. The media reports suggest that Nexon signed a Memorandum of Understanding (MOU) at the start of the month which would allow […]

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Bithumb Temporarily Shuts Down Some Offices As Korea Faces Another Possible COVID-19 Outbreak

South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak. Bithumb Suspending Offline Support Since the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised […]

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An analysis of South Korean and Japanese cryptocurrency exchange growth

An analysis of South Korean and Japanese cryptocurrency exchange growth

Quick Take High-entry barrier markets in North East Asia are the next likely candidates for expansion of western cryptocurrency exchange growth. Many of the featured exchanges had to overcome heavy regulatory scrutiny due to several high profile hacks and have only recently begun to expand internationally. This research piece is available to members of The […]

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