Why SBI is buying Bitbank, and why Korean banks are piling into crypto exchanges
SBI Holdings announced it will acquire Japanese crypto exchange Bitbank for ¥46.7 billion ($289 million). The deal, executed through SBI's vehicle SBICAH, will make Bitbank a wholly owned subsidiary of SBI.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Ledger_insights.
The ¥46.7 billion ($289 million) deal, closing October 2026, creates Japan's largest exchange by custody assets — ¥1.1 trillion across roughly 2.92 million accounts — as banks position for stablecoin legislation.
Entities in this story
Discussion
Comments are reviewed before publication.
Want the full article?
Continue reading on Ledger_insights →
No comments yet.