South Korean Investors To Buy Crypto Exchange Bitstamp For $400 Mln, Sources Report

Cryptocurrency exchange Bitstamp is reportedly about to be sold to South Korean investors for a sum of around $400 mln dollars, according New York Times finance and tech journalist Nathaniel Popper’s tweet from yesterday, March 22. Sources familiar with the matter have also confirmed the information in the tweet to Cointelegraph today, March 23.

The Luxembourg-registered exchange, founded in 2011, is currently ranked number 11 in terms of 24 hour exchange volume on CoinMarketCap, trading a total of around $182.4 mln over a 24 hour period to press time.

Some Twitter commentators have seen the potential Bitstamp sale as a bad thing, citing a lack of familiarity with South Korean law in regards to crypto regulations as an impetus to stop using the exchange: […]

Read Full: South Korean Investors To Buy Crypto Exchange Bitstamp For $400 Mln, Sources Report