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In a statement to customers, Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit. The all-cash deal, which was signed by Bitstamp founder Nejc Kodrič on October 25, 2018, was announced today, October 29, 2018. NXMH has around 2 billion euros in assets under management and invests in digital technologies.
South Korean cryptocurrency exchange Korbit has announced that it will no longer support the trading of five cryptocurrencies: dash, monero, zcash, augur, and steem. This announcement came just days after hacked Japanese exchange Coincheck confirmed the delisting of privacy coins.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Korbit, one of South Korea’s largest cryptocurrency exchanges, announced this week that it will be delisting the cryptocurrencies currently offered through its Other Digital Assets service.
Asia is a big hotspot for anything related to Bitcoin and digital currencies, despite governments trying to steer people away by issuing certain guidelines. It looks like South Korean companies want to put themselves on the Bitcoin map, and Korbit is one of them.
“Korbit is a financial technology company founded in 2013 by entrepreneurs from Silicon Valley and Seoul. Korbit started by offering the world’s first Bitcoin-Korean Won exchange. Now Korbit has expanded its offerings to a variety of services that help individuals and businesses make easy and secure financial transactions around the world”
