SBI Holdings crypto division just posted a 30.1% revenue drop for H1.
Japan's biggest financial player in crypto is bleeding. This isn't noise—it's a signal.
Either retail's dead in Japan or they're pivoting hard behind the scenes. Watch their next move. If they're scaling back, it means liquidity is drying up in APAC.
If you're farming Japanese CEX tokens or betting on regional plays, this is your exit warning.
Japan's biggest financial player in crypto is bleeding. This isn't noise—it's a signal.
Either retail's dead in Japan or they're pivoting hard behind the scenes. Watch their next move. If they're scaling back, it means liquidity is drying up in APAC.
If you're farming Japanese CEX tokens or betting on regional plays, this is your exit warning.