CryptoBullishBitcoinist · 4h ago7/10
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SBI Holdings Acquires Bitbank For ¥46.7 Billion In Japanese Crypto Consolidation
SBI Holdings is acquiring Bitbank for ¥46.7 billion (~$320 million USD), combining it with its existing SBI VC Trade platform to consolidate Japan's cryptocurrency exchange market. This merger represents a significant consolidation move by one of Japan's largest financial conglomerates, signaling confidence in crypto infrastructure despite regulatory scrutiny.
