Japanese financial giant SBI Holdings agrees to acquire Bitbank, a top 10 Japanese crypto exchange by trading activity, for ~$289M, set to close in October (Jamie Crawley/CoinDesk)
Summary
SBI Holdings has agreed to acquire Bitbank, one of Japan’s top crypto exchanges by trading activity, in a deal valued at about $289 million. The transaction is expected to close in October. This move expands SBI’s position in digital assets and brings a regulated exchange platform further under its control. The event can also create downstream needs around exchange infrastructure, compliance, security, and integration work.
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