MICA Daily｜SoftBank Group (SBI) will take over DMM Bitcoin exchange, expanding its business scope

Japanese financial giant SBI Group's cryptocurrency subsidiary, SBI VC Trade, has confirmed that it will take over the hacked cryptocurrency exchange DMM Bitcoin's account and assets, with the transfer expected to be completed on March 8, 2025. This marks the end of DMM Bitcoin's liquidation after a $305 million hacker attack in May 2024, and SoftBank will take over the cryptocurrency exchange business in the future.

According to the announcement on December 25th, customer accounts will be automatically transferred to SBI VC without the need to re-register. SBI will take over DMM users' fiat and crypto assets, as well as all transaction records. In addition, SBI will add 14 cryptocurrencies, including Tron, The Sandbox, Algorand, Maker, and some leverage trading pairs, but excluding existing trading pairs.

For assets such as ETH and AVAX held by DMM, SBI will automatically activate staking. The first staking reward is expected to be issued in April 2025. From this, it can be seen that the SBI Group is not only actively investing in AI business. Previously, Masayoshi Son announced a $100 billion investment plan to design and build an AI center in the United States. At the same time, the company is also actively expanding in the cryptocurrency field and will operate its own cryptocurrency exchange in the future.

Statement: The article represents only the author's personal opinions, not the perspective and position of the blockchain, and all content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain will not be responsible for any direct or indirect losses incurred by investors' transactions.

〈MICA Daily | SoftBank Group (SBI) will take over DMM Bitcoin exchange, expanding its business scope〉This article was first published in "Blocklike".