$350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange

Source: Digital Money Times, originally published on .

http://digitalmoneytimes.com/350-million-singapore-consortium-gains-majority-stake-in-koreas-biggest-bitcoin-exchange/.

BithumbSouth Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $ 350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $ 352 million)

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The post $350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange appeared first on Digital Money Times.

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