SBI Holdings fully acquires Bitbank, services to continue

Bitbank: Bitbank is a Japanese cryptocurrency exchange operating in Tokyo with a focus on crypto asset trading services. It has positioned itself as a participant in Japan's regulated digital asset market. Following the transaction, Bitbank has become a wholly owned subsidiary of SBI Holdings, with leadership adjustments that include cross-appointments with SBI VC Trade while committing to uninterrupted user services. SBI Holdings: SBI Holdings is a major Japanese financial services conglomerate with operations spanning banking, securities, asset management, and digital assets. It maintains crypto-related activities through subsidiaries including SBI VC Trade. In this development, SBI Holdings has completed its full acquisition of Bitbank, establishing the exchange as a wholly owned subsidiary to expand its crypto and digital asset businesses. Service Continuity: Bitbank has stated that existing services will continue without disruption for users following the acquisition. Acquisition Completion: SBI Holdings has finalized the full acquisition of Bitbank through share repurchases and related procedures, making it a wholly owned subsidiary. Management Integration: Bitbank has implemented a new management structure featuring appointments from SBI VC Trade, including a director role for its president at Bitbank.