SBI Holdings will acquire Japanese crypto exchange Bitbank for 46.7 billion yen ($288.6 million), creating Japan’s largest regulated crypto exchange group.

SBI Holdings will acquire Japanese crypto exchange Bitbank for 46.7 billion yen ($289M), creating a custody giant managing $6.2B across 2.92 million

SBI Holdings agreed to acquire Bitbank for $288.6 million, with the transaction expected to close around October 2026.