Japan's SBI Holdings To Acquire Bitbank For $289 Million Japanese financial services firm SBI Holdings (OTC: $SBHGF) has agreed to buy cryptocurrency exchange Bitbank for $289 million U.S. The Tokyo-based bank said the purchase of Bitbank will help expand its crypto business. SBI Holdings previously bought crypto exchange Bitpoint in 2022. However, global competitors such as Kraken process in excess of $1 billion U.S. in trading volumes each day, making Bitbank small within the global industry. The acquisit ...

Cryptocurrency exchange Binance has told its customers in the European Union it will stop providing services to them from next week because it will not be licensed to operate in the region. According to a Financial Times report on Friday, the exchange's application for a bloc-wide license in Greece failed last week. All crypto asset businesses have to obtain a license under the bloc's Markets in Crypto-Assets Regulation by July 1, or risk penalties. In a response to CNBC, the company said it will pursue an ...