Japan Crypto

Architect Partners says SBI’s Bitbank acquisition is a bet on regulated scale rather than near-term earnings. The deal expands SBI’s custody footprint, customer base and broader digital asset push in Japan.

SBI Holdings has agreed to acquire Japanese cryptocurrency exchange Bitbank for about $289 million, marking a major expansion of its digital asset footprint. The deal reflects the bank’s push to strengthen its crypto business as Japan weighs potential regulatory shifts.