INTERNATIONAL - NXMH, a Belgium-based investment company, has acquired digital currency exchange Bitstamp in an all cash deal, the exchange’s chief executive officer Nejc Kodrič said on Monday.
Kodrič declined to disclose terms of the deal, which was signed on October 25. In 2016, Bitstamp was valued at $60 million, up from a 2014 valuation of $39 million, according to Kodrič.
Bitstamp is the largest digital currency exchange in the European Union by volume, with turnover of $100 million per day.
NXMH, with assets under management of more than 2 billion euros, is the European subsidiary of South Korea-based NXC, which invests in digital technologies. NXC also owns South Korean cryptocurrency exchange Korbit.
Bitstamp and Korbit will operate independently.