• 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

XRP Trading Close to Important Support Level.

chest

XRP continues to trade just above the critical support level of 130, with low volatility indicating market indecision.

user avatarTando Nkube

NCA Issues Warning to Crypto Users About Recovery Scams

chest

NCA warns crypto users about recovery scams following recent phishing crackdown.

user avatarSon Min-ho

Crypto Expert Anticipates XRP Price Increase.

chest

A crypto market expert forecasts that XRP could reach a new all-time high, citing the end of its corrective phase.

user avatarKofi Adjeman

Over $12 Million Frozen in Joint Operation Against Crypto Phishing Scams

chest

A joint operation involving law enforcement agencies from the US, UK, and Canada has frozen over $12 million linked to crypto phishing scams affecting more than 20,000 individuals.

user avatarNguyen Van Long

Binance Aids Law Enforcement in Crackdown on Crypto Scams

chest

Binance's Special Investigations team provided on-site support in London during a crackdown on crypto phishing scams, assisting with account screening and identifying scam websites.

user avatarAyman Ben Youssef

XRP Market Activity at Four-Year Lows

chest

XRP's market activity has reached its lowest levels since 2021, indicating a period of consolidation and indecision among investors.

user avatarSatoshi Nakamura

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.