SBI Holdings in talks to acquire stake in crypto exchange Bitbank, eyes subsidiary status
SBI Holdings pursues acquisition of Bitbank crypto exchange stake to establish subsidiary status in Japan. The move strengthens SBI's domestic crypto market position as regulatory framework evolves. Bitbank operates a major Japanese exchange with strong security credentials and recently launched a crypto-linked credit card. This consolidation follows SBI's merger of Bitpoint Japan into its VC Trade arm, signaling aggressive market consolidation strategy.
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