SBI to Acquire Bitbank for JPY 46.7 Billion, Creating Japan's Largest Crypto Exchange

According to SBI Holdings filing on June 25, 2026, the Japanese financial giant will acquire Bitbank cryptocurrency exchange for JPY 46.7 billion (approximately $300 million) through its wholly owned subsidiary SBI Crypto Asset Holdings GK. The transaction requires approval from Japan's Fair Trade Commission before closing, with completion targeted for October 2026.

The combined platform is expected to hold approximately 1.1 trillion yen in assets under custody and 2.92 million crypto accounts, positioning the company group to rank first among domestic crypto asset exchange providers. Bitbank, founded in 2014, has maintained zero hacking incidents since its inception.