Absolutely massive.
Korean media reporting Nexon, a multi-billion dollar gaming conglomerate, is preparing to acquire Bithumb, South Korea's biggest crypto exchange.
Valuation? below ~$460M.
This is big for Bitcoin and the local crypto industry if the deal goes through. (1/3)
Korean media reporting Nexon, a multi-billion dollar gaming conglomerate, is preparing to acquire Bithumb, South Korea's biggest crypto exchange.
Valuation? below ~$460M.
This is big for Bitcoin and the local crypto industry if the deal goes through. (1/3)
Bithumb is the biggest South Korean crypto exchange by volume but has had major issues in the past.
Nexon's acquisition would improve the image around the most dominant crypto trading platform in the local market. (2/3)
Nexon's acquisition would improve the image around the most dominant crypto trading platform in the local market. (2/3)
Nexon founder Kim Seong-ju will work with Vidente, a major stakeholder in Bithumb, to buy out the company and take control of the firm.
Report says Nexon plans to take 65% of Bithumb. (3/3)
Report says Nexon plans to take 65% of Bithumb. (3/3)
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