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Belgian investment company NXMH, which already owns the South Korean stock exchange Korbit, has acquired cryptocurrency exchange Bitstamp, registered in Luxembourg, Reuters writes. According to Neich Kodrich, the CEO of Bitstamp, the cost of the largest cryptocurrency exchange in the EU, with a turnover of $100 million per day, rose to $60 million in 2016 from $39 million in 2014. The amount of the deal was not announced. South Korean NXC, which includes NXMH as a subsidiary, invests in digital technology. After concluding a deal, under which NXMH will receive an 80 percent stake in Bistamp, the Luxembourg Stock Exchange will continue to operate independently. Kodrich, owning 10% of Bistamp shares, will remain its general director.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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