SBI Holdings pursues acquisition of Singapore's largest exchange Coinhako

Japanese financial giant SBI Holdings announced it is pursuing an investment in and acquisition of Singapore's largest crypto exchange, Coinhako. The two companies have signed a letter of intent for the deal. If the transaction is completed, SBI Holdings plans to secure a majority stake, making Coinhako a consolidated subsidiary. Specific terms, including the investment method and the purchase of existing shares, are still under negotiation. The final agreement is contingent on regulatory approval.