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The investment bank said the purchase of Japanese crypto exchange Bitbank is a bet on regulated scale as sweeping reforms reshape the country's digital asset market.
SBI said the purchase of the crypto exchange is set to close in October.
SBI Holdings has agreed to a nearly $289 million deal to acquire crypto exchange Bitbank, pending regulatory approval.
The post SBI to Acquire Bitbank in $289 Million Deal appeared first on Coinpedia Fintech News Japanese financial group SBI will acquire crypto exchange Bitbank for ¥46.7 billion ($289 million). After the transaction closes, Bitbank will become an SBI subsidiary, and the combined group’s crypto asset
SBI Holdings agreed to acquire Bitbank for $288.6 million, with the transaction expected to close around October 2026.
