Bitcoin News

Morgan Stanley Rules out M&A Deal for Bithumb, Binance Is ‘Always Open’

The American investment banking powerhouse Morgan Stanley has dismissed reports linking it to a possible M&A deal for the South Korean market-leading crypto trading platform Bithumb as “unfounded.” Meanwhile, Binance reiterated that they’re always open for possible partnerships. (Updated at UTC 16:21 on March 24 to add a new response from one of the companies mentioned in the article and correct information about a Binance spokesperson.)

Per the South Korean media outlets News1 and News Tomato, Morgan Stanley stated:

The spokesperson did not elaborate any further. Visa did not respond to our requests for comment, while Deutsche Bank declined to comment on the reports.

News1, however, reported that the trail “may have gone cold” on the potential sale, which has returned to “labyrinthine” levels of confusion.

The gaming giant Nexon, which owns the Bitstamp and Korbit exchanges – is widely reported to have tabled a bid back in January, with media outlets reporting at the time that a deal was “all but done.”

That deal, however, is believed to have hit a roadblock with the exchange and Nexon reportedly in disagreement about who would be liable in the case of a hack.
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Learn more:
– Next 2-3 Years ‘Should Be a Turning Point for Bitcoin’ – Deutsche Bank
– ‘Time To Get Educated’: Morgan Stanley Brings BTC Funds To Rich Clients
– IPOs, M&As, and New Token Sales To Bring Fresh Capital For Crypto in 2021
– Bithumb Must Compensate BTC Address Book Mixup Customers – at 2018 Prices
– Bithumb Boss: Only 4-7 Korean Crypto Exchanges Will Survive Regulations
– Crypto Exchange Bithumb: Beware Bogus Brokers Posing as Our Staff
– PayPal Acquires Bitcoin Custodian Curv

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