Securities Giant SBI Snaps up Controlling Stake in One of its Crypto Rivals, BITPoint

The Japanese securities and banking giant SBI Holdings has made another key M&A move - and will snap up a controlling interest in BITPoint, one of the domestic rivals to its SBI VC Trade crypto trading platform. Per Nikkei, BITPoint's operator, the loyalty point provider Remixpoint, has stated that it will "form a capital and business alliance" with SBI in an attempt to "expand" its business through crypto "collaboration."...