Japanese financial group SBI announced it will acquire crypto asset exchange Bitbank for ¥46.7 billion ($289 million). Upon completion of the deal, Bitbank will become a consolidated subsidiary of SBI. The combined group’s total assets under custody are expected to reach approximately ¥1.1 trillion (about $6.2 billion), ranking first in Japan’s crypto industry.
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SBI to Acquire Japan’s Third-Largest Crypto Exchange for $289 Million
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