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SBI acquires Bitbank for $289M, becoming Japan's largest crypto asset operator.

Market News
05 Aug 2026
Coinpaper
View Source
Bullish
pluang ai news

SBI Holdings, a key Ripple partner, has acquired Japanese crypto exchange Bitbank for about $289 million, marking one of Japan's largest crypto deals. This acquisition will make SBI the biggest digital asset operator in Japan, managing over $7 billion in assets and nearly 3 million customer accounts. The deal strengthens SBI's role in Japan's regulated crypto market and supports Ripple's blockchain and XRP adoption in the region. The acquisition is expected to boost Ripple's payment solutions and XRP's presence in Japan's growing crypto ecosystem.

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