NXC, the parent company of South Korean video game publisher Nexon and two major cryptocurrency exchanges: Bitstamp, based in Luxembourg, and Korbit, based in South Korea has reportedly offered entertainment giant, Disney a controlling stake in its firm.
As per a report by Korea Herald, Jung-ju Kim, a Billionaire and the chairman of NXC, had a meeting with a Disney representative, wherein NXC offered to sell his stake to Disney.
Jung-ju is reportedly is selling the 98.64% stake that he and his wife hold in NXC. He
NXC subsidiary NXMH, a Belgian-based investment group, ast year. The exchange is one of the largest Bitcoin and cryptocurrency exchanges by volume in the European Union. Bitstamp also supports major cryptocurrencies such as Bitcoin, Ethereum, Litecoin and XRP, and fiat-crypto pairs in US dollars and euro.
Currently, Bitstamp observes a 24-hour trading volume of $56.7 billion, according to data compiled by CoinMarketCap, with BTC/USD comprising 57.12% of its daily volume, valued at $32.4 billion. It is also amongst crypto research firm Messari’s “Real 10 Volumes”, wherein, Bitstamp is counted as one of 10 select crypto exchanges, along with Binance, Coinbase Pro, Kraken and Gemini, that are used to track what it considers to be legitimate volumes.
NXC further owns a majority stake in rival crypto exchange Korbit through its subsidiary. In 2017, Nexon acquired 65% of Korbit, the second largest cryptocurrency exchange in South Korea and the first Bitcoin exchange in the country.
Disney reported $59.4 billion in revenue in 2018 and acquired 21st Century Fox last month.