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The sector of cryptocurrency exchanges seems to enter a mergers and acquisitions period. According to latest rumors, investors from South Korea can buy the Luxembourg-based crypto-exchange Bitstamp.

The New York Times Fintech journalist Nathaniel Popper wrote in his twitter that Bitstamp, one of the oldest and one of the largest cryptocurrency trading platform, is discussing a possible deal with unnamed investors from South Korea. The price of purchase stands reportedly at $400 million.

Bitstamp was founded in 2011 and is registered in Luxembourg. Currently, according to CoinMarketCap, it ranks 11th in the world in terms of daily trading volume. At the time of press, its 24-hours trading volume exceeded $188 million.

It is worth noting that earlier authorities of South Korea denied the possibility of banning the country's cryptocurrency exchanges, but continued to tighten AML requirements in this area. So, starting from February, it is forbidden to use anonymous virtual accounts, as the country's financial authorities decided to check all South Korean crypto-exchanges and banks, dealing with those exchanges, on compliance with anti-money laundering rules.

Last month the Boston-based cryptocurrency financial company Circle, backed by its Wall-Street investors Goldman Sachs and Chinese Internet giant Baidu, purchased the Delaware-based crypto-exchange Poloniex. Officially the amount paid for Poloniex is not disclosed, but according to the anonymous sources of Fortune, Circle paid about $400 million for the crypto-exchange.