Crypto war of game giants!

The industry war of game giants has moved to the crypto market. The details are in our news.

Game giants’ crypto war

One of South Korea’s largest gaming companies is entering the digital currency industry. South Korea-based game company Gamevil bought shares from Coinone, the third largest cryptocurrency exchange in South Korea. The investment comes a few months after Gamevil’s biggest competitor, Nexon, reported that it is considering buying a stake in Bithumb, South Korea’s second-largest stock exchange.

According to the Korea Herald, Gamevil’s Bought 13% stake in Coinone. The firm paid KRW 31.2 billion (US$ 27.9 million) to purchase 8,474 shares on the exchange.

See Bitcoin, Bitcoin news and breaking news

According to CoinGecko data Coinone traded $1.4 billion in trading volume in the last 24 hours. Coinone is right behind the market leader Upbit with a daily trading volume of $21.4 billion and Bithumb with a trading volume of $4 billion. in the case of a player. Its most successful franchise is Summoners War, a $2 billion mobile role-playing game that it launched through its wholly-owned subsidiary Com2uS.. It was stated that video game manufacturer Nexon, which was founded in South Korea but later moved to Japan, sacrificed 460 million dollars to buy a 65% stake in Bithumb.. However, an agreement could not be reached for this purchase in the first negotiations.. South Korean sources claimed that other global firms such as Morgan Stanley, Visa and JPMorgan were at the forefront of buying shares of Bithumb. player. It owns 67% of Korbit, another South Korean exchange, and 80% of Bitstamp, to which it paid $396 million.

Source