SBI Holdings Acquires Bitbank For ¥46.7 Billion In Japanese Crypto Consolidation
SBI Holdings is acquiring Japanese cryptocurrency exchange Bitbank in a ¥46.7 billion deal. The transaction, to be executed via SBI subsidiary SBICAH GK, is scheduled for completion by October 2026 pending regulatory approvals. The combined entity of Bitbank and SBI's existing exchange, SBI VC Trade, will hold approximately ¥1.1 trillion in assets across 2.92 million user accounts, creating a major domestic group. The deal highlights the trend of consolidation in regulated crypto markets, where larger operators benefit from scale in managing compliance and technology costs. Key points to watch include the Japan Fair Trade Commission's review and the post-acquisition integration of the two platforms.
bitcoinist06/26 23:31
