Korean gaming giant Nexon announced on Tuesday the acquisition of Korbit, Korea’s first ever Bitcoin Exchange, the second largest in volume behind Bithumb.
Nexon’s holding company (NXC) announced its plans on Tuesday to acquire 125,000 shares of Korbit for 91.25 billion won (approximately US .3 million), giving it a 65.19 percent ownership stake in Korbit. The deal is being billed by Korea’s leading financial newspaper Hankyung as “the first large-scale merger & acquisition among domestic virtual currency-related companies.”