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.
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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.
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Summary
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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
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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
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