According to the South Korean publication Naver News, the American investment bank Morgan Stanley, which manages $ 4 trillion in assets, may buy out part of the Bithumb exchange.
Last year, South Korea’s largest cryptocurrency exchange, Bithumb, came under scrutiny from the country’s regulators and police. The offices of the company were repeatedly searched and, in the end, the owners of the site began to look for a buyer on the exchange.
Later it was reported that the stock exchange would be bought by the parent company of the gaming giant Nexon, but due to “slow and difficult” negotiations, the deal was canceled. Later, there were rumors that JP Morgan and CME Group were considering the possibility of acquiring a controlling stake in the site.
Now financial giant Morgan Stanley drew attention to the site, which is showing an interest in cryptocurrencies and has provided its clients with access to investing in bitcoin funds. According to Naver News, the American bank plans to buy a portion of Bithumb in the amount of $ 44.1 billion.
In 2020, the site brought owners a profit of $ 17.7 million. In early April, Bithumb stopped serving traders from 21 countries in connection with the tightening of anti-money laundering measures under the FATF directive. In addition, customer identification procedures were strengthened at the site.
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