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CoinNetwork

Coin World News, according to a report by Nikkei, SBI Group announced the acquisition of Japanese cryptocurrency exchange Bitbank for 46.7 billion yen (approximately $289 million). SBI's cryptocurrency custody balance is expected to exceed 1 trillion yen (approximately $6.2 billion). A subsidiary of SBI Holdings will acquire Bitbank shares from individual shareholders in August, and Bitbank will acquire shares held by Mixi and Ceres by the end of October. After the merger, the total number of accounts will be approximately 2.92 million, and total custody assets will be about 1.1 trillion yen. SBI Holdings disclosed in May that it was conducting capital business cooperation negotiations regarding the subsidiary of Bitbank.

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BearMarketWithAHintOfOrange
· 5h ago
SBI has made a major move—acquiring bitbank for 46.7 billion yen—and Japan’s traditional financial giant is accelerating its plans for the crypto track.
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MevStreetPhotographer
· 6h ago
bitbank long-time users express mixed feelings, hoping the UI won't be changed.
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ReminderOfWavesCrashingAgainst
· 6h ago
2.92 million accounts + $6.2 billion in custody, is SBI building a Japanese version of Coinbase?
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L2AlleyRunner
· 6h ago
Traditional finance swallowing native crypto platforms, whether it's a blessing or a curse depends on subsequent operations.
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PfpSeasonChangeExpert
· 6h ago
First collect individual shares in August, then institutional shares in October. This schedule is quite tight; the regulatory approval should have been discussed in advance.
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MevHasMeCompletelyConfused.
· 6h ago
With a custody scale of 1.1 trillion yen, this volume directly ranks among the top three in Japan, right?
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