Gaming conglomerate Nexon has not confirmed previously reported information about the purchase of the South Korean cryptocurrency exchange Bithumb.
Last week, Korean media reported that gaming company Nexon had already signed an agreement with the management of the cryptocurrency exchange Bithumb to buy the platform for $ 460 million. However, a Nexon employee called this information an “inaccurate news report” and explained that the company did not invest in Bithumb and did not plans to acquire this exchange. A Nexon employee added that the company cannot divulge its investment plans.
The Bithumb exchange began searching for investors interested in buying the platform back in September. This process could be complicated by the ongoing investigation involving the chairman of the board of Bithumb Korea and Bithumb Holdings Lee Jung-hoon, who is accused of scamming the BXA token. Despite the fact that the police raided Bithumb’s Seoul office in the fall, the exchange is still popular in the Korean cryptocurrency market. According to CoinMarketCap, the exchange ranks sixth in terms of daily trading volume.
However, due to ongoing investigation, Bithumb’s prospects for its sale are still unclear. The same can be said for Bithumb’s plans for an initial public offering (IPO). We will remind that earlier the Chinese cryptocurrency exchange Huobi tried to acquire Bithumb, but the Chinese government did not allow the transaction, given that Huobi itself is also being investigated.
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