Japanese giant SBI Holdings to buy Bitbank for $289 million
SBI said the acquisition, which is subject to regulatory approval, is set to close in October.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
SBI said the acquisition, which is subject to regulatory approval, is set to close in October.
Japanese giant SBI Holdings to buy Bitbank for $289 million
Finance
Japanese financial services giant SBI Holdings to buy Bitbank for $289 million
SBI said the purchase of the crypto exchange is set to close in October.
By
Jamie Crawley
|
Edited by
Sheldon Reback
Jun 26, 2026, 8:31 a.m.
1
min read
Make
preferred on
Share
Share this article
Copy link
X icon
X (Twitter)
Make
preferred on
Tokyo (mako/Unsplash)
Summary
Show
SBI Holdings said it agreed to buy cryptocurrency exchange Bitbank for around $289 million.
The Tokyo-based bank framed the purchase as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan.
Bitbank is one of Japan's top 10 largest crypto exchanges by trading activity, according to CoinGecko.
Japanese financial services giant SBI Holdings said it agreed to buy cryptocurrency exchange Bitbank for around $289 million.
The Tokyo-based bank first
floated the idea at the start of last month
, framing it as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan. It bought crypto exchange Bitpoint in 2022.
Japan is in the process of
bringing cryptocurrencies under the umbrella of financial products
as authorized by the Financial Instruments and Exchange Act, which applies to stocks and other securities. This could take effect from early next fiscal year.
Bitbank is among Japan's
top 10 largest crypto exchanges by trading activity
, according to CoinGecko, processing 24-hour volume of just under $50 million. Competitors such as Toobit, CoinW, Kraken and Bitmart all process in excess of $1 billion.
SBI said the acquisition, which is subject to regulatory approval, is set to close in October
in a statement on Thursday
.
Japan
mergers and acquisitions
Latest Crypto News
1
Grant Cardone says he will keep buying bitcoin using real estate cash flows
1 hour ago
2
Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens
3 hours ago
3
Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
4 hours ago
4
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
4 hours ago
5
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
12 hours ago
6
Coinbase's Base blockchain resumes after two-hour outage disrupted network
15 hours ago
7
Strategy's yield-generating STRC stock is more correlated with BTC than ever
15 hours ago
8
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
16 hours ago
9
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
16 hours ago
10
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
17 hours ago
Latest Research
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By
CoinDesk Research
Jun 15, 2026
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters
:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
View Full Report
More From
Finance
Grant Cardone says he will keep buying bitcoin using real estate cash flows
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
CD20
$1,615.32
CD20 down 2.62 percent
2.62%
BTC
$59,912.81
BTC down 2.84 percent
2.84%
ETH
$1,561.26
ETH down 5.19 percent
5.19%
XRP
$1.03
XRP down 4.19 percent
4.19%
SOL
$69.52
SOL up 1.13 percent
1.13%
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
Strategy STRC June 30 ex-dividend date and dividend rate reset explained
Investors are watching the preferred stock's ex-dividend date and monthly dividend rate reset closely.
Polymarket Third-Party Vendor Compromise Drains $2.9M from Users
A third-party vendor compromise injected malicious code into Polymarket
Strategy’s $13 billion paper loss dwarfs dogecoin, BlackRock's BUIDL and hundreds of other tokens
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
