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Bitstamp Parts with Majority Stake in All-Cash Deal with NXMH

Published 10/29/2018, 09:40 AM
Updated 10/29/2018, 11:01 AM
 Bitstamp Parts with Majority Stake in All-Cash Deal with NXMH

After several months of rumors, Luxembourg-based crypto trading platform Bitstamp confirmed on Monday that Belgian investment company NXMH had bought a majority stake in an all-cash deal of undisclosed value. It remains business as usual for Bitstamp, co-founder and CEO Nejc Kodrič said in a statement.

NXMH, which manages over 2 billion euro ($2.2 billion) in assets, had been in talks with the crypto exchange since the middle of 2017, Kodrič told Reuters. Bitstamp had four potential buyers, but shareholders decided to go with the Belgian group as it would allow the trading venue to work in the same environment and with the same staff. Kodrič will continue as CE...


This article appeared first on Cryptovest

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