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SBI Acquires Bitbank for Crypto Growth
Published 2 weeks, 2 days ago
Description
SBI Holdings is set to buy Japan’s top crypto exchange Bitbank for $289 million, aiming to dominate the market as Japan prepares to regulate crypto like traditional securities—potentially by next year. Already a crypto veteran after acquiring Bitpoint in 2022, SBI is betting big on Japan’s evolving regulatory landscape, while the broader market rebounds with a surge in real-world asset perpetual futures.
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