SBI Holdings Says $289 Million Bitbank Deal Will Make It Japan's Largest Crypto Exchange (opens original article in a new tab)

SBI Holdings agreed to acquire Tokyo crypto exchange Bitbank for $289 million, creating Japan's largest crypto exchange by assets. The deal requires regulatory approval and is expected to close in October. Combined, the companies will hold $6.8 billion in assets and serve 2.92 million accounts.

• SBI Holdings agreed to acquire Bitbank for $289 million making it a wholly owned subsidiary
• Combined assets of SBI and Bitbank will reach $6.8 billion with 2.92 million accounts
• Deal requires regulatory approval and is expected to close in October