In a statement to customers, Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit. The all-cash deal, which was signed by Bitstamp founder Nejc Kodrič on October 25, 2018, was announced today, October 29, 2018. NXMH has around 2 billion euros in assets under management and invests in digital technologies.
In an interview given to Reuters, Kodrič declined to disclose the purchase price, but he did assert the EU’s largest crypto exchange wasn’t actively looking for deals. Bitstamp, according to CoinMarketCap, has had a 30-day reported volume of just over $1.6 billion. According to Reuters reporting, the exchange has a daily turnover volume of over $100 million USD, making it the largest digital currency exchange in the European Union.