6Institutional TransitionNewJun 26, 2026

SBI Holdings Acquires Bitbank for $289M to Become Japan's Largest Crypto Exchange

SBI Holdings announced a $289 million acquisition of Bitbank, with the combined entity expected to become Japan's largest cryptocurrency exchange by merging Bitbank with SBI VC Trade. The transaction represents a major consolidation of Japan's retail crypto exchange infrastructure.

Story timeline · 2 days

Jun 29, 20267
SBI Acquires Bitbank for $289M; Kiwoom Securities Buys Bithumb Stake; Japan Crypto Consolidation Continues
Architect Partners analysis characterizes SBI-Bitbank deal as symptomatic of broader Japan crypto market consolidation; South Korea's Kiwoom also disclosed stake in Bithumb.
Jun 26, 20266· this story
SBI Holdings Acquires Bitbank for $289M to Become Japan's Largest Crypto Exchange

Sources · 2

SBI Group announced acquisition of Bitbank for $289 million to merge with SBI VC Tradeen.coin-turk.com · T2
SBI Holdings Says $289 Million Bitbank Deal Will Make It Japan's Largest Crypto Exchangedecrypt.co · T2