What’s most noticeable in the process was the fact that the Belgian firm used cash and made the deal on October 25th, four days before sharing the full terms. The CEO then told Reuters that in 2016, Bitstamp was valued at $60 million which was up from $39 million in 2014.
NXMH is the name of the Belgian family investment holding firm. With more than 2 billion euros in assets under management, it makes European consumer and tech investments. According to its LinkedIn profile, the firm has a “focus on majority buy-outs” and is a subsidiary of the Korea-based media giant NXC Corp., which bought a 65.19% stake in the South Korean crypto exchange Korbit a year ago.
As Reuters reports, Bitstamp and Korbit will be operated independently. Currently, NXMH has a 80% stake in Bitstamp. The CEO of Bitstamp, Nejc Kordic, revealed that he will retain his 10% ownership interest and remain under the CEO position in the company.
The co-founder, Damian Merlak, has reportedly sold all of his 30% stake in the exchange in the NXMH deal. According to Kordic (the CEO), Merlak has “not been active since 2015” but worked alongside with him to found the exchange “out of a garage in Slovenia” with several laptops, one server as well as thousand euros in funds.
Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them
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Bitcoin Could Soon Fall To $2,400 And Wall Street Could Buy The Dip
"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
Bitcoin ATM Operator Coinme To Start Selling BTC At Coinstar Counting Machines
“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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- Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them
- Deloitte Features Blockchain In Its Annual Tech Trends Report
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