World · Institutional · Japan ·
SBI to acquire Bitbank in $289M deal forming Japan's largest crypto exchange
Japanese financial conglomerate SBI Holdings announced plans to take full control of Bitbank as a wholly owned subsidiary in a deal valued at approximately 46.7 billion yen, or about $289 million, combining crypto exchange operations under one group and forming the largest regulated crypto operator in Japan.
Why it matters for the crypto market
The consolidation creates Japan's largest crypto exchange under a major regulated financial institution, accelerating the integration of digital assets into the country's mainstream financial system.
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