SBI Holdings Buys Majority Stake in Coinhako to Boost Asian Crypto Presence

SBI Holdings has significantly expanded its presence in Asia's cryptocurrency market after acquiring a majority stake in Coinhako, a Singapore-based digital asset exchange.

The acquisition is expected to deepen SBI Holdings' crypto footprint in the region, following its previous investments in various blockchain and cryptocurrency-related ventures.

Coinhako's users will have access to a broader range of services and products through the partnership, while SBI Holdings aims to leverage Coinhako's expertise in Southeast Asia to drive growth in the region.