Ripple Partner SBI Completes Takeover of Japanese Exchange Bitbank
SBI Holdings has taken full ownership of Bitbank on Oct. 1, folding one of Japan’s busiest XRP markets into one of Ripple’s oldest partners in Asia. The Deal The final share transfer went through on Oct. 1, making Bitbank a wholly owned subsidiary of SBI. The price tag was approximately $290 million (¥46.7 billion), the […]
Key Takeaways
- SBI Holdings has taken full ownership of Bitbank on Oct.
- 1, folding one of Japan’s busiest XRP markets into one of Ripple’s oldest partners in Asia.
- The Deal The final share transfer went through on Oct.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Bitcoin Price Taps $87K as SEC Moves to Unlock Institutional Custody
Driven by weak U.S. employment data and a major SEC regulatory proposal, bitcoin briefly reclaimed $87,000 for the first time since Sept. 23. Back near $85,000 as of this writing, bitcoin remains up over the last day. Bitcoin Reclaims $87,000 Amid Weak Labor…
South Korea Opens $5 Trillion Market to Tokenized Stocks, Bonds in 2027
South Korea is laying the regulatory groundwork to bring stocks, bonds, funds and fractional securities onto blockchain infrastructure from February 2027. New FSC Rules Aim to Move Stocks and Bonds Onchain South Korea is preparing to move a significant…
Why an $88 billion bank reserve drop doesn’t prove a Bitcoin liquidity squeeze – yet
Wednesday reserves fell $88.236 billion while their weekly average rose $17.897 billion, exposing the limits of reserve-based Bitcoin liquidity signals. The post Why an $88 billion bank reserve drop doesn’t prove a Bitcoin liquidity squeeze – yet appeared…