SBI Holdings will gain full control of Bitbank through a $289 million transaction that creates Japan’s largest crypto exchange by assets under custody, targeting 1.1 trillion yen and 2.92 million accounts while expanding its stablecoin, tokenization and blockchain infrastructure.
Bringing Bitbank together with SBI VC Trade is projected to yield approximately 1.1 trillion yen in assets under custody and roughly 2.92 million crypto accounts using end-of-April data.
Existing users will see no disruption to trading or account functions after the acquisition.
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