SBI Holdings agrees $289M deal to take over Japan's Bitbank exchange

SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) transaction.  This deal would make the combined group Japan’s largest crypto exchange operator by assets under custody. The acquisition runs through SBICAH, a wholly owned SBI subsidiary. How does the deal work? Starting around August, SBICAH will...