SBI to Acquire Bitbank in $289 Million Deal

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The post SBI to Acquire Bitbank in $289 Million Deal appeared first on Coinpedia Fintech News

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 …