Sony, the Japanese multinational conglomerate corporation, is set to introduce its cryptocurrency exchange in Japan. To achieve this, Sony plans to revive WhaleFin, a crypto trading platform acquired in August 2023. Last year, Amber Japan, the parent company of WhaleFin, which Sony acquired, changed its name to S.BLOX. Sony's subsidiary, Quetta Web, acquired S.BLOX, which was formerly known as DeCurret. The exchange went through ownership changes, with Amber Japan being renamed after an acquisition by the Japanese subsidiary of Singapore's Amber Group. Sony's acquisition of S.BLOX makes it the second owner of the entity since its establishment, with the acquisition details undisclosed. S.BLOX has operated as a Sony subsidiary and is now poised to rejuvenate its crypto trading offerings. The company plans to introduce a new app, redesign the user interface screen, and expand its support for more cryptocurrencies and functions. Sony envisions creating new value in cryptocurrency trading services through collaboration with its diverse businesses. The move signifies Sony's complete entry into the crypto space after previous acquisitions and investments. Sony Network Communications, a Sony subsidiary, made a significant investment in Startale Labs, a Singapore Web3 tech giant. This investment, made during a seed round, was led by Startale Labs' external director, who will oversee Sony's crypto exchange. The plan, in progress for about 18 months, is now progressing towards implementation.
Sony Prepares for Launch of Crypto Exchange in Japan

by Giorgi Kostiuk
2 years ago

Other news
Linq's Strategic Pivot to AI Messaging Infrastructure Enhances User Experience

Linq has pivoted to become an infrastructure provider for AI assistants in messaging apps, responding to market demand.

Epstein's Alleged Role in Bitcoin Development Sparks Controversy

Recent interpretations of Jeffrey Epstein's correspondence suggest he had significant influence over Bitcoin's development, despite the decentralized nature of the cryptocurrency.

Cboe's Binary Options Could Transform Prediction Market Landscape

Cboe's entry into the binary options market may legitimize prediction-style trading and influence regulatory discussions.

Cboe's Proposed Binary Options to be Regulated by SEC and CFTC

Cboe Global Markets has proposed binary options to be regulated by the SEC and CFTC, ensuring compliance and investor protection.

US Crypto Media Traffic Declines in Q4 2025

US cryptonative media experienced a significant drop in traffic during Q4 2025, with visits down by 28.24% to 10.618 million, affecting 71.95% of outlets.

Cboe Global Markets Considers Relaunch of Binary Options for Retail Investors

Cboe Global Markets is exploring the relaunch of binary options for retail investors, aiming to meet the demand for simplified trading instruments.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter