SBI Holdings Targets Bitbank Acquisition Amid Japan Crypto Overhaul Plans

SBI Holdings has initiated discussions to acquire a stake in Bitbank, a Japanese cryptocurrency exchange. The move follows SBI VC Trade's absorption of Bitpoint Japan on April 1.

The talks are ongoing and subject to due diligence, negotiations, and internal approvals.

The acquisition would give SBI Holdings a larger share of Japan's regulated cryptoexchange market as the country prepares to tighten its digital asset framework.

SBI said the potential alliance would help establish a dominant position in Japan's domestic cryptocurrency industry, citing the planned regulatory shift as a key factor in the timing.