Just caught wind that SBI Holdings is basically consolidating Japan's crypto scene. They're in talks to make Bitbank a subsidiary after already merging SBI VC Trade with Bitpoint Japan. Pretty interesting move tbh.



Bitbank's got that solid reputation—zero hacking incidents, which honestly is huge in this space. They were planning to go public too, but looks like SBI Holdings decided to just bring them into the group instead. Makes sense from a regulatory angle given how strict Japan's been getting with crypto oversight lately.

Once this deal closes, SBI will basically run the biggest crypto platform operation in Japan. That's a pretty big consolidation. Bitbank had raised like 7 billion yen back in 2021 with Mixi, so they've got decent backing already. Curious to see how this shapes up for the whole market there.
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