By: CryptoCity
Nexon Parent NXC Divests from Crypto Exchange Holdings, Shifts Focus to Core Gaming
NXC, the parent company of Nexon, the renowned developer behind the classic MMORPG MapleStory, is undergoing a significant business restructuring. This strategic pivot involves not only an investment in European industrial solutions provider CLI Group B.V. but also a substantial withdrawal from the cryptocurrency exchange sector.
According to a report by SBS Biz, NXC has completed the sale of its shares in the cryptocurrency exchange Bitstamp to fintech platform Robinhood in 2024. These shares were originally acquired in 2018 through NXC’s Belgian investment subsidiary, NXMH. Following this transaction, Bitstamp has been delisted from NXC Group’s roster of affiliated companies.
Further solidifying its exit from the crypto exchange space, NXC’s board of directors resolved in February of this year to dispose of all its holdings in the South Korean domestic exchange, Korbit.
NXC Maintains Crypto Asset Holdings Amidst Strategic Refocus, Web3 MapleStory N Continues
Despite its divestment from crypto exchanges, NXC continues to hold a substantial portfolio of digital assets. As of the end of 2025, the company’s cryptocurrency assets were valued at approximately 147.6 billion Korean Won (KRW). This portfolio includes 2,356 Bitcoin ($BTC) and 22,420 Ethereum ($ETH). This represents a 15.2% decrease from the 174 billion KRW valuation recorded in 2024.
Beyond direct asset holdings, NXC’s subsidiary, Nexpace (under Nexon), has ventured into the blockchain gaming space with MapleStory Universe: MapleStory N. This Web3 iteration of the beloved franchise is built around the $NXPC token as its core economic driver. In 2025, 1 billion $NXPC tokens were initially issued, with a circulating supply of 996.15 million tokens after accounting for burned portions.
This strategic streamlining allows NXC to concentrate resources on its most competitive domain: gaming. Nexon’s core online and mobile gaming business has demonstrated robust growth, with revenues surging by 34.5% to reach 3.0521 trillion KRW. By shedding non-core ventures, NXC aims to bolster its leadership in the dynamic gaming industry.
- Related Coverage: “Childhood Memories” Web3 MapleStory N First Impressions: How Does the Play-to-Earn System Work? What About Earnings?
Tencent Acquisition Rumors Remain Unresolved
Following the passing of Nexon founder Kim Jung-ju, 2025 saw speculation emerge regarding a potential acquisition of Nexon by Chinese internet giant, Tencent. This rumor garnered significant attention across the industry.
In June 2025, Bloomberg reported that Tencent had approached Kim Jung-ju’s family concerning a potential acquisition. However, this report was swiftly contradicted by Chinese media outlet The Beijing News. Citing sources close to Tencent, The Beijing News stated that Tencent had neither contacted the Nexon founder’s family nor considered acquiring the company. The starkly conflicting accounts turned the potential acquisition into a “Rashomon” case, with no further developments reported since.
(The above content has been excerpted and reproduced with authorization from our partner, CryptoCity. Original Article Link)
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