SBI, the well-known Japaniese financial giant, has decided to acquire a blocking stake in the BITPoint cryptocurrency exchange. The financial giant will buy 51% of shares from Remixpoint Corporation, spending almost one hundred million dollars on it.
Such a transaction is needed by the financial giant in order to improve the liquidity of the cryptocurrency exchange through its subsidiaries. Now SBI occupies one of the leading financial positions in the Japanese market.
Last year, the financial giant launched a special fund for its clients, which deals with investments in NFT, Bitcoin and other cryptocurrency assets.
The board of the financial giant is confident that this transaction will benefit both parties, given the general unstable situation in the cryptocurrency market.
Similar transactions are now being concluded by other financial structures, despite the fact that many leading cryptocurrency assets show negative dynamics. But the bearish trend will soon be replaced by an upward one, and funds that have invested in cryptocurrencies will receive significant profits.
