A major Japanese financial services group with diverse investments including cryptocurrency and blockchain technology.
EDX Markets has raised $76 million, backed by SBI Holdings, to advance its institutional-focused crypto trading platform. The exchange aims to reduce counterparty risk by separating trading from custody.
SBI's significant acquisition of crypto exchange Bitbank highlights a trend of consolidation in Japan's digital asset market, driven by evolving regulatory landscapes and the pursuit of scaled, compliant operations.
SBI Holdings' acquisition of Bitbank for $289 million establishes a dominant force in Japan's cryptocurrency market, integrating trading, stablecoins, and blockchain infrastructure.
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