SBI Holdings Pursues Controlling Stake in Japanese Crypto Exchange Bitbank

SBI Holdings, a Japanese financial services conglomerate, is reportedly in discussions with Bitbank Co., Ltd. regarding a potential capital and business alliance that could result in the crypto exchange becoming a consolidated subsidiary.

Bitbank operates a Tokyo-based crypto exchange specializing in Bitcoin and other digital assets traded against the Japanese yen, ranking third in Japan by trading volume and market share.

The company has recently launched Japan's first crypto-backed credit card in partnership with EPOS Card Co., Ltd. and is preparing for a potential listing on the Tokyo Stock Exchange while expanding into GameFi and institutional services.