SBI Holdings Completes Full Acquisition of Crypto Exchange Bitbank

SBI Holdings has finalized its acquisition of the Japanese cryptocurrency exchange Bitbank, making it a wholly-owned subsidiary of the SBI Group. The transaction was completed through the repurchase of shares from MIXI and Ceres. Following the acquisition, Tomohiko Kondo, President of SBI VC Trade, will join the Bitbank board, while Bitbank CEO Noriyuki Hirosue is expected to serve as an external director at SBI VC Trade.