SBI Holdings aims for majority ownership of Coinhako crypto exchange
- SBI Holdings has signed a letter of intent to acquire a controlling stake in Coinhako.
- Coinhako is a cryptocurrency exchange licensed in Singapore.
- This move marks SBI’s continued expansion into the crypto exchange market.
- The acquisition aligns with SBI’s strategy to enhance its presence in the digital asset sector.
The acquisition of a controlling stake in Coinhako demonstrates SBI Holdings’ commitment to expanding its influence within the crypto industry, particularly in Southeast Asia where regulatory frameworks are evolving.
With this agreement, SBI Holdings is set to strengthen its position in the market, following its ongoing investments in various DeFi initiatives and platforms.(Source)
