According to BlockBeats, on May 1, SBI Holdings announced it is in talks with Bitbank Co., Ltd., operator of the Bitbank cryptocurrency exchange, regarding capital and business cooperation. SBI plans to make Bitbank a consolidated subsidiary and acquire its shares pending completion of due diligence and internal procedures; the acquisition timeline and method remain unspecified.
This follows SBI’s April acquisition of Bitpoint Japan through a merger with SBI VC Trade, as the group continues consolidating the crypto exchange sector.
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