SBI Holdings completes takeover of Bitbank, keeping services unchanged
Image: Crypto.newsSBI Holdings finalized its acquisition of Japanese exchange Bitbank in October, making it a wholly owned subsidiary. The deal used a three‑step share swap, transferring 53,704 shares and issuing 48,952 new shares. Board changes saw SBI VC Trade president Tomohiko Kondo join Bitbank's board while CEO Noriyuki Hirosue became an outside director at SBI VC Trade. Bitbank said the ownership change will not affect customer services.
Key points
- SBI Holdings completed the takeover of Bitbank in October, making it a wholly owned subsidiary.
- The acquisition involved a three‑step share transaction: 53,704 shares transferred and 48,952 new shares issued.
- Board changes include Tomohiko Kondo joining Bitbank's board and CEO Noriyuki Hirosue becoming an outside director at SBI VC Trade.
- Bitbank said the ownership change will not affect its exchange services for customers.
Why it matters
The merger combines two of Japan's leading crypto platforms, creating the largest exchange by assets under custody and preserving uninterrupted trading for Bitbank users.
Sources · 2 publishers
Bitcoin.com News
Tier 2
Ripple Partner SBI Completes Takeover of Japanese Exchange Bitbank
Coverage timeline
- First reported by Crypto.news
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
