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
XRP Price Encounters Ongoing Decrease and Resistance Points.

XRP price has extended its losses, trading below 1450, and is now consolidating with significant resistance levels ahead.

Bitcoin Technical Indicators Show Mixed Signals

Current technical indicators for Bitcoin suggest a mixed outlook with potential for both gains and losses.

Bitcoin's price is experiencing a drop beneath crucial support levels.

Bitcoin is struggling to maintain stability above critical support levels, declining below 67,800 and testing 66,500. Further declines towards 64,200 are possible if support fails.

Ethereum Attempts Recovery Amidst Selling Pressure

Ethereum is attempting to rebound after recent selling pressure, but the recovery is weak.

Tesla Stock Anticipated to Surge Following Grok AI Launch

Tesla stock is expected to rise following the launch of the Grok AI Assistant, which introduces new features for users.

Tesla Launches Grok AI Assistant in Europe, Boosting Stock Potential

Tesla has launched its Grok AI Assistant in the UK and European markets, enhancing its vehicle software capabilities.

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