- Japan’s financial group SBI Holdings said it has completed its acquisition of local cryptocurrency exchange Bitbank.
- Bitbank said it has become a wholly owned subsidiary of SBI Holdings and will continue operating its existing exchange services without changes.
- The completed acquisition led to the appointment of Tomohiko Kondo, head of SBI VC Trade, as a Bitbank director, while Chief Executive Officer Noriyuki Hirosue is set to serve as an outside director at SBI VC Trade.
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Japan’s SBI Holdings has completed its acquisition of local cryptocurrency exchange Bitbank.
Bitbank said on Oct. 1 that it had become a wholly owned subsidiary of SBI…
