American banking giant Morgan Stanley seems keen to buy on South Korea's top Bitcoin and cryptocurrency exchange. Morgan Stanley can invest in South Korea's top crypto exchange According to Naver News, American Investment bank Morgan Stanley will buy shares in Bithumb, one of South Korea's largest cryptocurrency exchanges.
You can buy it by NXC Corporation, the holding company of Nexon, the startup game company of the popular crypto exchange Bithumb. However, the deal seems to end due to "stagnant and slow" negotiations in this game. Why March 26 is Important for Bitcoin - Here are the Details Naver News reports that Morgan Stanley has been applied to the takeover of Bithumb.
The management giant, which has recently given wealthy US client access to Bitcoin funds, is ready to make up to 50 billion won ($ 44.1 million) for the exchange. With this investment, the valuation of Bithumb is expected to reach 2 billion dollars. The giant exchange made operating profit of 20 billion won ($ 17.7 million) in 2020.
What is the latest in Bitcoin (BTC) price?
Bitcoin, the leading cryptocurrency, is trading at $ 58,300 with minor losses at the time of writing. The flagship of cryptocurrencies currently has a market value of $ 1 trillion. At the time of writing, Bitcoin is managing a last 24 smart transactions volume of $ 56.5 billion at market cap.
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