Search results for BTC/JPY
Crypto
SBI to gain 2.92 million accounts with Bitbank acquisition, creating Japan\'s largest crypto exchange
Japan\'s SBI Holdings will acquire cryptocurrency exchange Bitbank for about 46.7 billion yen. Once the deal is completed, SBI is expected to build a crypto exchange group with the largest scale in Japan in terms of assets under custody and customer base. SBI plans to buy shares held by Bitbank CEO Noriyuki Hirose and existing shareholders through wholly owned subsidiary SBICAH, and join a third-party allotment share sale. The deal is expected to close around October after regulatory approvals.
Crypto
SBI cuts XRP trading fees by 78 percent, targets Japan leverage demand
SBI VC Trade, a unit of Japan cryptocurrency exchange group SBI, temporarily lowered the standard spread for XRP/JPY leveraged trading to 0.5 yen. The measure runs from June 22 to July 3 and aims to encourage Japanese retail investors to take part in leverage trading by reducing costs. SBI said the new spread is about 78 percent lower than its average XRP/JPY spread in May 2026 and will also be offered at SBI FX Trade.
Crypto
BOJ holds rates but June hike odds rise, raising questions for bitcoin
Expectations for a Bank of Japan rate hike in June are rising as calls for further increases grow within the central bank despite a hold at 0.75 percent. The yen strengthened and bitcoin weakened against the yen. Markets are watching the currency because the yen has served as a global funding currency for carry trades into higher-yielding assets. Some see no clear signs yet of carry trade unwinds.