Japanese financial conglomerate SBI Holdings has expanded its regional footprint by acquiring a majority stake in Coinhako, a Singapore-based cryptocurrency exchange, following approval from the Monetary Authority of Singapore (MAS). The regulatory sign-off allowed the transaction to proceed, giving SBI control over one of Singapore's established digital asset trading platforms. The move forms part of SBI's broader strategy to build a cross-border digital asset network spanning Japan and Southeast Asia, linking its existing operations with new markets in the region. By taking control of Coinhako, SBI gains access to Singapore's regulated crypto market and a local customer base. The deal reflects growing consolidation in the Asian crypto sector, as larger financial institutions seek established, licensed exchanges to accelerate regional expansion rather than building operations from scratch.
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