South Korean gaming giant Nexon is preparing to buy the crypto exchange Bithumb for about $ 460 million.

 

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South Korean gaming giant Nexon is reportedly preparing to buy Bithumb, the country’s largest cryptocurrency exchange, for around 500 billion won (about $ 460 million).

Local broadcaster Maekyung reported on Thursday and said it is known that he signed a memorandum of understanding with Bithumb earlier this month to buy a 65% stake in Nexon.

If the deal is made, Nexon will own three crypto exchanges. The company has bought Bitstamp and Korbit in the past.

The Bitstamp deal took place in October 2018.

The Korbit deal was realized for approximately $ 80 million in September 2017.

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