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.

Melinda 3 hours ago 3 minutes read

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

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Summary

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.

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By CoinDesk Research

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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.

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