According to Nikkei, Japanese financial company SBI Holdings will buy a majority stake in cryptocurrency trading platform BITPoint Japan.
SBI will buy a 51% stake in BITpoint from the platform’s parent company Remixpoint for $98.6 million
The report said the market value of BITPoint is valued at more than $193 million.
Remixpoint said it will form a capital and business alliance with SBI to expand its business through cryptocurrencies. Under the deal, SBI will also receive a 5 percent stake in Remixpoint.