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SBI Holdings Acquires HashHub

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It is reported that the Japanese financial services giant SBI Holdings signed an equity transfer agreement with the existing shareholders of HashHub. After the…

SBI Holdings Acquires HashHub

It is reported that the Japanese financial services giant SBI Holdings signed an equity transfer agreement with the existing shareholders of HashHub. After the equity transfer, HashHub will become a consolidated subsidiary of SBI Holdings. HashHub was founded in April 2018 and operates the cryptographic asset lending service HashHub Lending and the cryptographic asset research report business HashHub Research. According to Coinpost, after the completion of this equity transfer, it is expected that the shareholding ratio of SBI Holdings in HashHub will be 100%.

SBI Holding turns HashHub into a consolidated subsidiary

Interpretation of the news:


Japanese financial services giant, SBI Holdings, has signed an equity transfer agreement with the existing shareholders of HashHub. Following the equity transfer, HashHub will become a consolidated subsidiary of SBI Holdings. It is reported that after the completion of the equity transfer, SBI Holdings will hold a 100% shareholding ratio in HashHub.

HashHub, which was founded in April 2018, operates cryptographic asset lending service HashHub Lending and cryptographic asset research report business HashHub Research. Cryptocurrencies and blockchain technologies have been gaining enormous popularity in recent years; thus, the acquisition can be viewed as a strategic move by SBI Holdings to expand its reach into the rapidly growing industry.

This acquisition is not the first time SBI Holdings has ventured into the realm of cryptocurrency. In 2018, SBI Holdings launched its cryptocurrency exchange, VCTRADE, becoming the first licensed digital currency exchange in Japan. The company has since pursued efforts to improve its cryptocurrency trading services, including collaborations with Ripple and RippleNet, a blockchain-based payment system.

Cryptocurrencies and their underlying technology are considered highly volatile markets, thus bringing significant risks for companies investing in them. However, such investments can bring substantial profits as well. SBI Holdings’ decision to acquire HashHub may be indicative of its confidence in the potential of the cryptocurrency market and its ability to provide excellent returns.

The acquisition of HashHub can also lead to immediate benefits for SBI Holdings. As of 2020, HashHub had over 3,000 active users on its cryptocurrency lending platform. This user base, along with HashHub’s experienced team and market recognition, can assist SBI Holdings to further improve and expand its cryptocurrency services.

In conclusion, SBI Holdings’ acquisition of HashHub signals the company’s confidence in the expanding cryptocurrency and blockchain industry. The acquisition can potentially provide immediate benefits to SBI Holdings and expand the company’s offering to its customers.

Overall, the move to acquire HashHub is indicative of SBI Holdings’ commitment to advancing the use of blockchain technologies and cryptocurrency operations while also expanding its reach in the financial industry.

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