SBI Holdings agrees to acquire Japanese crypto exchange Bitbank in $288.6 million deal
The Block·
60-second summary
SBI Holdings is acquiring Japanese crypto exchange Bitbank in a $288.6 million deal, with the transaction anticipated to close around October 2026. The acquisition marks a significant move in Japan's crypto market, where SBI Holdings is expanding its presence. This deal is expected to boost SBI's trading volume and user base, solidifying its position in the Japanese crypto landscape.
SBI Holdings agreed to acquire Bitbank for $288.6 million, with the transaction expected to close around October 2026.