Allen & Overy is advising NXMH on its acquisition of Bitstamp Limited ("Bitstamp"), one of the leading global cryptocurrency exchanges.
Founded in 2011, Bitstamp is the EU's largest digital currency exchange by volume with over three million registered customers, offering trading between BTC, BCH, ETH, XRP, LTC, USD and EUR.  Bitstamp was founded by Nejc Kodric (CEO) and Damian Merlak and is one of the few exchanges to hold a national payment institution licence.

NXMH is a Brussels-based holding company focussing on private equity investments, with more than EUR2 billion of assets under management.  NXMH is a subsidiary of NXC Corporation, the owner of global video game company Nexon.  This transaction builds on NXC Corporation's involvement in the cryptocurrency industry following its acquisition of South Korean cryptocurrency exchange, Korbit, in September 2017.

The A&O team was led by private equity partner Peter Banks in London, supported by associates Ollie Blears and Jeremy Wilkins.  Peter comments: "This transaction is a great example of how we can support clients by combining our established private equity capability with complex multi-jurisdictional regulatory advice in this new and dynamic arena.  This is an exciting area of investment in which we will no doubt see more activity in coming months."

Specialist regulatory advice was provided by partner Henri Wagner and associate Baptiste Aubry in Luxembourg, partner Etay Katz in London and partners David Lucking and Justin Cooke and associate Alex Speyer in the U.S.