SBI Holdings Acquires Bitbank for $289 Million, Creating Japan's Largest Crypto Exchange

Japanese financial giant SBI Holdings agreed to buy Tokyo crypto exchange Bitbank for $289 million. The combined entity will hold $6.8 billion in assets and serve 2.92 million accounts, pending regulatory approval.

• SBI Holdings will acquire Bitbank for roughly 46.7 billion yen ($289 million), making it a wholly owned subsidiary.
• Combined with SBI VC Trade, the merged exchange will hold $6.8 billion in assets under custody with 2.92 million accounts.
• SBI says the deal will create Japan's largest crypto exchange by assets under custody.
• The acquisition requires clearance from Japan's Fair Trade Commission and is expected to close around October.
• Bitbank reported a net loss for fiscal year 2025 after two years of profitability.

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Last updated 26 Jun 2026