Belgium-based investment business run by South Korea's NXC – NXMH – reportedly became a new owner of crypto trading platform Bitstamp.
"Today I am pleased to announce that Bitstamp has been acquired by NXMH, a Belgium-based investment company," said Nejc Kodric CEO, Bitstamp, in the statement.
The companies signed an agreement Thursday last week. Under the contract, the Belgium company will be the major shareholder of the platform. At the same time, the current exchange CEO is said to maintain its stake.
As for another investor Pantera Capital, its interest in Bitstamp will remain at 6%.
Bitstamp noted that it would not give up its mission and vision after the acquisition. Meanwhile, commenting the reason for this decision, Nejc Kdric explained that it was based on "a combination of the quality of the buyer, the quality of the offer and the fact that the industry is at a point where consolidation makes sense".
The cost of the contract is unknown.
The platform believes that this agreement would bolster its stance in the market as well as boost the trading performance and services offered to the customers. Clients, in their turn, may not worry about changes in operations of the exchange, as Bitstamp added.
Nejc Kodric is quite optimistic about the future of the business, saying:
"We believe this acquisition is the logical next step in Bitstamp’s growth as a company and I look forward to the future with this team".