SBI Acquires Bitbank in Push for Crypto Consolidation

SBI Holdings has taken another step towards consolidation in Japan's crypto exchange market by signing a basic agreement and share transfer agreement to acquire all shares of Bitbank. This move makes Bitbank an upcoming wholly owned subsidiary of SBI Group.

The acquisition follows earlier talks between the two companies over a capital and business alliance, which pointed to a possible share acquisition that would bring Bitbank into SBI's group structure. This deal comes on the heels of SBI's merger with Bitpoint Japan in April 2026, allowing it to combine more crypto exchange resources under one group.

Bitbank has assured its users that existing services will continue unchanged as it prepares to become an SBI subsidiary. The company said there will be no effect on its existing services, and customers can continue using the platform as usual.