SBI launches SBI Visa Crypto Card and Gold with up to 10% BTC/ETH/XRP promo rewards while pursuing stake in Bitbank

first published 2026-05-01T09:39:34Z

Tokyo-based SBI Holdings is in talks to buy shares in cryptocurrency exchange Bitbank and make it a consolidated subsidiary, subject to due diligence, negotiations and approvals. The move follows SBI VC Trade’s absorption of Bitpoint Japan and would expand SBI’s position in Japan’s exchange market. It comes as Japan’s Cabinet approved amendments to move crypto under the Financial Instruments and Exchange Act, strengthen exchange oversight and disclosure, and enable cryptocurrency ETFs by 2028.

AI Analysis

SBI is negotiating to acquire Bitbank and make it a consolidated subsidiary (fact), which expands SBI’s exchange footprint after absorbing Bitpoint Japan (fact). The story cites regulatory amendments to shift crypto under the Financial Instruments and Exchange Act and to enable ETFs by 2028 (fact). These developments are generally positive for exchange consolidation and product development but are subject to approvals and long-term rule changes, limiting immediate market-moving force.

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