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SBI Holdings to Buy Bitbank for $289M in Japan Crypto Exchange Deal

2026-06-25 21:59:35

SBI Holdings agreed to acquire Tokyo-based crypto exchange Bitbank in a deal valued at about $289 million. SBI said the combined firm would hold about $6.8 billion in assets under custody and serve 2.92 million crypto accounts. The deal is expected to close around October, pending clearance from Japan's Fair Trade Commission.

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