SBI Holdings has signed a basic agreement and share transfer agreement to acquire all shares of Bitbank, moving the Japanese crypto exchange toward becoming a wholly owned subsidiary of SBI Group.
Summary
- SBI’s Bitbank deal pushes Japan’s crypto exchange market toward deeper consolidation under large financial groups.
- Bitbank said existing services will continue unchanged as it prepares to become an SBI subsidiary.
- The acquisition follows SBI’s Bitpoint merger and broader crypto payments push across Japan this year.
Bitbank announced the agreement on June 24 and said the transaction is part of its planned entry into SBI Group. The exchange said there will be…
