SBI completes full acquisition of crypto exchange bitbank for ¥46.7B
- —The full buyout of bitbank was valued at ¥46.7 billion
- —SBICAH bought shares from MIXI and Ceres, and bitbank issued new shares
- —SBI VC Trade head Tomohiko Kondo joined bitbank's board
- —CEO Noriyuki Hirosue kept his post and will join SBI VC Trade's board
Why it matters: Consolidating major Japanese exchanges under SBI strengthens the group ahead of the shift to the FIEA regime and a potential Bitcoin ETF launch.
Source: CoinPost
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