🇯🇵 SBI Holdings to Acquire Crypto Exchange Bitbank for $288M
Japanese financial giant SBI Holdings has announced plans to acquire crypto exchange Bitbank for approximately 46.7 billion yen ($288.6 million), as part of its strategy to expand deeper into the digital asset industry and develop new crypto-related financial products.
🏛️ The acquisition will be carried out through SBI’s subsidiary, SBICAH LLC.
Once completed, Bitbank will become a wholly owned subsidiary of SBI Holdings.
⚖️ The deal is still subject to approval from Japan’s antitrust regulators and is expected to close in October 2026.
📈 Bitbank is considered one of Japan’s major licensed crypto exchanges, and the acquisition further highlights how traditional financial institutions in Asia continue increasing exposure to:
• crypto trading infrastructure
• digital asset services
• and blockchain-based financial products
🌍 Japan remains one of the world’s most regulated yet crypto-friendly major markets, with large financial firms increasingly moving into the sector despite broader global market volatility.
#NewsAboutCrypto $BTC $LAB
Japanese financial giant SBI Holdings has announced plans to acquire crypto exchange Bitbank for approximately 46.7 billion yen ($288.6 million), as part of its strategy to expand deeper into the digital asset industry and develop new crypto-related financial products.
🏛️ The acquisition will be carried out through SBI’s subsidiary, SBICAH LLC.
Once completed, Bitbank will become a wholly owned subsidiary of SBI Holdings.
⚖️ The deal is still subject to approval from Japan’s antitrust regulators and is expected to close in October 2026.
📈 Bitbank is considered one of Japan’s major licensed crypto exchanges, and the acquisition further highlights how traditional financial institutions in Asia continue increasing exposure to:
• crypto trading infrastructure
• digital asset services
• and blockchain-based financial products
🌍 Japan remains one of the world’s most regulated yet crypto-friendly major markets, with large financial firms increasingly moving into the sector despite broader global market volatility.
#NewsAboutCrypto $BTC $LAB