• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sony Prepares for Launch of Crypto Exchange in Japan

user avatar

by Giorgi Kostiuk

2 years ago


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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Brian Armstrong Urges Congress to Pass Digital Asset Market Clarity Act

chest

Coinbase CEO Brian Armstrong urges Congress to pass the Digital Asset Market Clarity Act after support from US Treasury Secretary Scott Bessent.

user avatarMaria Fernandez

Coinbase Achieves Major Regulatory Milestone with National Bank Trust Charter

chest

Coinbase has received a national bank trust charter from the Office of the Comptroller of the Currency, enhancing its regulatory compliance and operational capabilities.

user avatarKenji Takahashi

Bitcoin Millionaires Decline by 14% Amid Price Crash

chest

A recent study reveals a 14% decline in Bitcoin wallets holding at least 1 million due to a price crash from over 97,000 to 60,000 in Q1 2026.

user avatarGustavo Mendoza

Bitcoin Price Surge Linked to US Investor Sentiment

chest

The Bitcoin price has surged above $73,000 due to positive sentiment from US investors following weaker-than-expected inflation data.

user avatarRajesh Kumar

Japan's Regulatory Reforms May Boost Bitcoin Market Stability

chest

Recent evaluations suggest that Japan's regulatory reforms may significantly impact the Bitcoin market by attracting institutional investors.

user avatarMiguel Rodriguez

Bitcoin Price Surges Past 73,000 Amid Improved Investor Sentiment

chest

Bitcoin price surges past 73,000 amid improved investor sentiment and a temporary ceasefire in the US-Iran conflict.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.