The transaction for the crypto exchange is expected to finalize in October.
By Jamie Crawley|Edited by Sheldon Reback Jun 26, 2026, 8:31 a.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Tokyo (mako/Unsplash)SummaryShow- SBI Holdings announced its agreement to acquire crypto exchange Bitbank for approximately $289 million.
- The Tokyo-based firm positioned this acquisition as part of a larger strategy to broaden its crypto operations in light of anticipated regulatory changes in Japan.
- Bitbank ranks among the top 10 largest crypto exchanges in Japan by trading volume, as reported by CoinGecko.
Japanese financial powerhouse SBI Holdings has confirmed its plan to acquire the cryptocurrency exchange Bitbank for about $289 million.
The Tokyo-based company initially proposed this acquisition at the beginning of last month, framing it within a broader strategy aimed at expanding its cryptocurrency operations as Japan prepares for possible regulatory changes. SBI had previously acquired the crypto exchange Bitpoint in 2022.
Japan is currently working on classifying cryptocurrencies as financial products under the Financial Instruments and Exchange Act, a regulation that also governs stocks and other securities, with implementation potentially starting in the next fiscal year.
Bitbank is recognized as one of Japan's top 10 crypto exchanges by trading volume, handling nearly $50 million in transactions within a 24-hour period. Competitors like Toobit, CoinW, Kraken, and Bitmart exceed $1 billion in trading volume.
SBI noted that the deal, pending regulatory approval, is expected to close in October, as stated in a release on Thursday by the company.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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