Disney Could Acquire Crypto Exchanges Bitstamp and Korbit Parent Company NXC

Disney seems to be interested in purchasing the parent company of the cryptocurrency exchanges Bitstamp and Korbit.

According to a recent report released by Korea Herald, Jung-Ju Kim, a billionaire, and NXC chairman, met with representatives of Disney to sell his stake in NXC.  NXC is also the parent company of the video game publisher from South Korea Nexon.

Is Disney Interested In Virtual Currencies?

Jung-ju Kim wants to sell the 98.64% that he has with his wife in NXC. As per the report, he has been trying to sell his stake since January and the final bids are expected to take place on May 15. About the deal with Disney, he commented:

“What I envy the most about Disney is that they do not force money out of kids… (consumers) gladly pay Disney. Nexon has a long way to go. Some people hate Nexon to death.”

Bitstamp is one of the largest and most popular cryptocurrency exchanges by volume in Europe. There are different digital currencies supported, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP. There are also fiat pairs in US dollars and Euro. A subsidiary of NXC, NXMH acquired Bitstamp.

The exchange has also been considered a top 10 virtual currency exchange in terms of real trading volume in its platform. In the last 24 hours, Bitstamp registered a trading volume of $91 million and it was the 51st largest exchange in the market, according to CoinMarketCap.

Meanwhile, Korbit is the second largest virtual currency exchange that operates in South Korea and that is owned by NXC. Nexon has 65% of Korbit, when it acquired it back in 2017. Nexon is a company that was founded back in 1994 and it focuses on online games. Some of the titles that the firm created include MapleStory and Dungeon Fighter Online.

It will be interesting to see which will be the influence that Disney will have over these exchanges in the future if the company purchases a stake in NXC.