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 assets under custody are expected to total about ¥1.1 trillion ($6.2 billion), making it the largest crypto custody provider in Japan. The acquisition strengthens SBI’s position in Japan’s digital asset market. The deal will proceed through the required closing process before integration begins.
The post SBI to Acquire Bitbank in $289 Million Deal appeared first on Coinpedia Fintech News Japanese financial group SBI will acquire crypto exchange BitbankThe post SBI to Acquire Bitbank in $289 Million Deal appeared first on Coinpedia Fintech News Japanese financial group SBI will acquire crypto exchange Bitbank
SBI to Acquire Bitbank in $289 Million Deal
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