Disney Is Discussing Acquisition of Two Major Cryptocurrency Exchanges

If you’re a fan of Disney movies and cartoons, you will probably become a fan of crypto, you may ask us: “How come?”, and the truth hides below.

Disney is reportedly in talks to acquire two biggest cryptocurrency exchanges. According to the news outlets, Disney has been offered a big, controlling part of stake in NXC. It is a parent company of South Korean video game publisher Nexon, who owns two cryptocurrency exchanges, Bitstamp and Korbit. Moreover, Nexon is the biggest game developer in South Korea, which makes the scale of the agreement enormous.

Kim Jung-ju, a billionaire and NXC chairman has met with the representatives of Disney, and offered his stake to the entertainment giant. The exact number of the offered stake is not clear, however, we know that Kim Jung-ju and his wife own 98.64% stake of NXC, which owns 47.02% of Nexon.

Kim Jung-ju 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.”

NXC acquired Bitstamp about a year ago, and it is still considered to be the largest crypto exchange by volume across the EU. The exchange is based in Belgium, supports Bitcoin, Ethereum, Litecoin, XRP. It is also one of 10 select crypto exchanges in crypto researh firm Messari’s “Real 10 Volumes”.

Korbit, in its turn, is the second largest crypto exchange in South Korea, having a daily trading volume of roughly $9.8 billion.

We remind you:

The Launch of the Disney Streaming Service will Take Place This Year: What to Expect?

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