SBI Holdings Says $289 Million Bitbank Deal Will Make It Japan’s Largest Crypto Exchange
In brief SBI Holdings is buying Tokyo crypto exchange Bitbank for about $289 million, making it a wholly owned subsidiary. Combined with SBI VC Trade, it’ll hold $6.8 billion in assets and 2.92 million accounts. The deal still needs regulatory clearance and is expected to close around October. SBI Holdings, the Japanese financial conglomerate, announced…
