🚨 BREAKING: SBI JUST COMPLETED THE BITBANK TAKEOVER 🇯🇵🔥
SBI Holdings has officially completed its acquisition of Japanese crypto exchange Bitbank, making it a 100% wholly owned subsidiary.
💰 Deal value: ¥46.7 BILLION (~$288.6M) 🇯🇵 Major expansion of SBI’s crypto footprint in Japan 🏦 Bitbank will now operate under the SBI Group
And there’s another interesting connection 👀
SBI has been working closely with Ripple, including the launch of RLUSD in Japan through SBI VC Trade.
This puts traditional finance + regulated crypto infrastructure + stablecoins in an increasingly interesting position in Japan.
For XRP & RLUSD watchers, this is definitely a development worth keeping on the radar. 💎⚡
#XRP #Ripple #SBI #Bitbank #RLUSD
$XRP
$RLUSD
SBI Holdings has officially completed its acquisition of Japanese crypto exchange Bitbank, making it a 100% wholly owned subsidiary.
💰 Deal value: ¥46.7 BILLION (~$288.6M) 🇯🇵 Major expansion of SBI’s crypto footprint in Japan 🏦 Bitbank will now operate under the SBI Group
And there’s another interesting connection 👀
SBI has been working closely with Ripple, including the launch of RLUSD in Japan through SBI VC Trade.
This puts traditional finance + regulated crypto infrastructure + stablecoins in an increasingly interesting position in Japan.
For XRP & RLUSD watchers, this is definitely a development worth keeping on the radar. 💎⚡
#XRP #Ripple #SBI #Bitbank #RLUSD
$XRP
$RLUSD
