SBI Holdings seeks Bitbank buyout to lead Japan’s crypto market

SBI Holdings is in talks to acquire Bitbank, aiming to form Japan’s largest crypto platform. The move follows recent mergers as Japan tightens crypto rules. Details and timing are still under review.

SBI Holdings has entered formal negotiations to acquire Bitbank, a leading Japanese cryptocurrency exchange, as a consolidated subsidiary. This follows SBI’s recent absorption of Bitpoint Japan and reflects a broader strategy to dominate Japan’s crypto market through acquisitions and integrations. If the deal proceeds, it would create Japan’s largest crypto asset platform group by combining Bitbank with SBI’s existing exchanges. Bitbank, recognized for its robust security and innovative crypto payment services, had previously planned a 2025 IPO and received significant investment from Mixi. The acquisition is currently subject to due diligence and internal approvals, with final details and timing yet to be determined. These talks come as Japan considers stricter crypto regulations, prompting major financial groups to consolidate and strengthen their positions in the digital asset sector. The proposed alliance could reshape Bitbank’s future ownership and listing plans, while expanding its access to SBI’s financial and technological resources.