Korea’s second largest cryptocurrency exchange Korbit has sold to media giant NXC for up to $80 mln. NXC, which owns online games platform Nexon, has now confirmed the deal which local media previously reported on earlier this week.
“NXC has been reviewing and investing in startups with digital idea and technology and this investment was made with our positive view on the growth cryptocurrency industry,” the company told TechCrunch Thursday. Korbit was a first mover in an economy now representing one of the largest trading environments in the world for digital currency.
China’s second exit from the market means Korea is poised for supremacy in online trading, its exchanges having a profound effect on the price of assets they choose to list.
The source is here, my friend! South Korea is now poised for more cryptocurrency growth in the following months and into year 2018 as more and more Koreans would like to have a part in the Bitcoin boom and join its 'to the moon' fad. This Korbit sale of shares is a big testament that big businesses and conglomerates are now starting to notice firms already into the Bitcoin business.
I am sure that we would be hearing of some more to be sold and to be offered to be bought which are all testament to the profit potential of the business. Bitcoin is now getting deeper, wider and bigger as it continued to baffles those people who are predicting its bubble to pop soon.
