• 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

Colombian President Proposes Bitcoin Mining Hub on Caribbean Coast

chest

Colombian President Gustavo Petro proposes to create a Bitcoin mining hub on the Caribbean coast, inspired by Paraguay's success, aiming to utilize renewable energy and include Indigenous communities.

user avatarRajesh Kumar

Bitcoin Price Surge Triggers Major Liquidations in Derivatives Market

chest

The recent price uplift of Bitcoin has resulted in significant liquidations within the derivatives market, with over 200 million in liquidations primarily affecting short positions.

user avatarMiguel Rodriguez

Altcoin Market Cap Stabilizes After Correction

chest

The total crypto market cap for altcoins is attempting to stabilize after a prolonged corrective phase, indicating potential accumulation.

user avatarLuis Flores

Potential Shift in Altcoin Market Dynamics

chest

Recent analysis indicates a significant increase in altcoin trading volume, suggesting a potential end to Bitcoin's dominance.

user avatarArif Mukhtar

Ethereum Price Analysis: Stability and Potential Decline

chest

Ethereum price shows signs of stability above 2,320 but faces potential decline if it falls below 2,300.

user avatarMaria Gutierrez

Aave Faces Major Crisis Amid Exploit of rsETH Bridge

chest

Aave is facing a major crisis due to an exploit at Kelp DAO, resulting in the theft of approximately $292 million in tokens and a significant drop in total value locked and AAVE token price.

user avatarDavid Robinson

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.