According to an official report, Bitstamp, a Bitcoin [BTC] exchange based in Luxembourg that facilitates trading between USD and Bitcoin, was acquired by Belgium-based investment company NXMH, a principal investment firm.
ANNOUNCING: Bitstamp was acquired by Belgium-based investment company NXMH. Our team, leadership and vision all remain the same. We believe this is the logical next step on our mission to be the most trusted digital currency exchange on the market: https://t.co/UxjNpDeKNR pic.twitter.com/3MUoQtdXFn
— Bitstamp (@Bitstamp) October 29, 2018
The report stated that the Bitstamp team, leadership, and vision would still remain the same and this “logical next step” promotes their mission to be one of the most trusted digital currency exchange on the market.
Furthermore, Nejc Kodric, the exchange platform’s CEO, stated that they have been regularly approached by prospective buyers over a period of time. In addition, the factors responsible for selling Bitstamp were a combination of the quality of the buyer, the quality of the offer and the fact that the industry was at a point where consolidation made sense, he added.
“A major factor in agreeing to the sale is that the mission, leadership, and vision of the company remain the same.”
Nejc further assured the users that there would not be any changes made on the platform and that they would continue to innovate with the agenda to provide the best trading experience to its customers.
According to the CEO, the acquisition will also strengthen Bitstamp’s positioning for growth, which will further open new opportunities to serve its customers more efficiently. He added:
“Customers should not have any concerns about their accounts or changes to the way we operate.”
Bitstamp had started its operations seven years ago in a garage with only two laptops and 1,000 EUR as the base investment.
Dumber&Dumberer, a cryptocurrency enthusiast, posted on Twitter:
“Just don’t change what you are doing!”
Officials from the Bitstamp platform replied:
“Don’t worry, it’s business as usual here at Bitstamp. If anything, we are now better positioned to make our vision a reality.”