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Japanese financial conglomerate SBI Holdings has acquired a controlling stake in regulated cryptocurrency exchange BITpuint. Nikkei writes about it. The platform competes with SBI VC Trade, which is
Japanese financial conglomerate SBI Holdings has acquired a controlling stake in regulated cryptocurrency exchange BITpuint. Nikkei writes about it.
The platform competes with SBI VC Trade, which is part of the holding.
The deal provides for the acquisition of 51% in BITPoint and 5% of exchange operator Remixpoint for $98.6 million.
SBI Holdings has not disclosed its plans to integrate BITPoint into SBI VC Trade.
The acquired platform is expected to increase liquidity through a subsidiary B2C2 OTC platform, which SBI Holdings acquired in December 2020.
Previously, the holding owned the TaoTao cryptocurrency exchange from Japan.
Recall that in September 2021, SBI Holdings launched the first cryptocurrency fund in the country.
Source: Fork Log
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