{"id":74566,"date":"2026-06-26T04:08:38","date_gmt":"2026-06-26T04:08:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/new-crypto-giant-sbis-bitbank-deal-could-create-japans-largest-crypto-exchange-bitcoin-news\/"},"modified":"2026-06-26T04:08:38","modified_gmt":"2026-06-26T04:08:38","slug":"new-crypto-giant-sbis-bitbank-deal-could-create-japans-largest-crypto-exchange-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/new-crypto-giant-sbis-bitbank-deal-could-create-japans-largest-crypto-exchange-bitcoin-news\/","title":{"rendered":"New Crypto Giant? SBI&#8217;s Bitbank Deal Could Create Japan&#8217;s Largest Crypto Exchange \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SBI is making a bold JPY 46.7 billion bet to take over Bitbank and expand its crypto footprint.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The deal still needs regulatory approval before it can officially close.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">If completed, the combined platform could significantly boost SBI\u2019s assets under custody, user base, and influence in Japan\u2019s crypto market.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>SBI Drops $300M to Take Over Bitbank<\/h2>\n<p>Japanese financial giant SBI Holdings is expanding its <span>crypto<\/span> business in Japan with a JPY 46.7 billion (around $300 million) deal to buy Bitbank, one of the country\u2019s better-known exchanges. The agreement was signed on June 25, 2026, and the purchase will be handled through SBI <span>Crypto<\/span> Asset Holdings GK (SBICAH), a wholly owned SBI subsidiary.<\/p>\n<p>The deal isn\u2019t done yet. It still needs clearance from Japan\u2019s Fair Trade Commission, which reviews business combinations. Until that clears, the transaction can\u2019t close. If completed, the combined group is expected to hold about 1.1 trillion yen (roughly $7 billion) in <span>crypto<\/span> assets under custody.<\/p>\n<p>SBI already runs its own exchange, SBI VC Trade. Once Bitbank is folded in, the combined platform could become a major force in Japan\u2019s <span>crypto<\/span> market. SBI laid out the expected scale:<\/p>\n<blockquote>\n<p>\u201cUpon completion of the transaction, based on a simple aggregation of the figures of SBI VC Trade and Bitbank as of April 30, 2026, the Company Group is expected to have approximately JPY 1.1 trillion in assets under custody and approximately 2.92 million <span>crypto<\/span> asset accounts.\u201d<\/p>\n<\/blockquote>\n<p>Behind the scenes, the deal structure is a mix of share purchases and new share issuance. Bitbank will use funds from the capital increase to acquire treasury shares from MIXI and CERES. Once these steps are completed, SBI is expected to indirectly hold 100% of Bitbank\u2019s voting rights through its subsidiary.<\/p>\n<h2>Bitbank Brings Users, Trading Infrastructure, and a Clean Security Record<\/h2>\n<p>Bitbank has been around since 2014 and operates out of Tokyo. One standout detail: it has maintained zero hacking incidents since its founding, per SBI\u2019s filing.<\/p>\n<p>Its business performance has moved with the market. Net sales jumped from 3.86 billion yen in 2023 to 7.95 billion yen in 2024, then dropped to 5.82 billion yen in 2025. Operating income followed the same pattern, swinging from a 2.80 billion yen gain in 2024 to a 970 million yen loss in 2025.<\/p>\n<p>SBI is betting that combining Bitbank\u2019s user base and trading activity with its own platform will create a larger domestic <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> group, with the \u201cCompany Group\u201d referring to the combined operations of SBI VC Trade and Bitbank following completion of the transaction. The Japanese financial giant noted:<\/p>\n<blockquote>\n<p>\u201cAmong domestic <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> asset exchange service providers, the Company Group is expected to rank first in terms of assets under custody and to be among the top class in terms of number of accounts.\u201d<\/p>\n<\/blockquote>\n<p>Beyond just scale, SBI is also looking at future <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> infrastructure. The company highlighted <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> and on-chain finance as key areas it wants to build out using the combined platform.<\/p>\n<p>If everything goes as planned, the first phase of the deal should happen around August 2026, with full completion targeted for October 2026 after approvals and other closing conditions.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/new-crypto-giant-sbis-bitbank-deal-could-create-japans-largest-crypto-exchange\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways SBI is making a bold JPY 46.7 billion bet to take over Bitbank and expand its crypto footprint. The deal still needs regulatory approval before it can officially close. If completed, the combined platform could significantly boost SBI\u2019s assets under custody, user base, and influence in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":74567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74566"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74566"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74567"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}