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Ripple Partner SBI Completes Takeover of Japanese Exchange Bitbank

SBI Holdings has taken full ownership of Bitbank on Oct. 1, folding one of Japan’s busiest XRP markets into one of Ripple’s oldest partners in Asia. The Deal The final share transfer went through on Oct. 1, making Bitban...

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Ripple Partner SBI Completes Takeover of Japanese Exchange Bitbank
SBI Holdings has taken full ownership of Bitbank on Oct. 1, folding one of Japan’s busiest XRP markets into one of Ripple’s oldest partners in Asia. The Deal The final share transfer went through on Oct. 1, making Bitbank a wholly owned subsidiary of SBI. The price tag was approximately $290 million (¥46.7 billion), the […]

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XRP is showing up inside the Market Structure theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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