Japanese SBI VC Trade partners with DMM Bitcoin and Metaplanet for asset transfers and BTC giveaway
Summary
SBI VC Trade has formed partnerships with DMM Bitcoin and Metaplanet to enhance its blockchain influence. DMM Bitcoin, a distressed exchange, will cease operations by March 2025 after a $305 million hack linked to North Korea's Lazarus Group. User assets will be transferred to SBI VC Trade, excluding leveraged positions. SBI VC Trade plans to support 14 cryptocurrencies during this transition. Metaplanet announced a shareholder benefit program in collaboration with SBI VC Trade, offering 30 million yen in Bitcoin to shareholders through a lottery. Metaplanet has acquired 1,142 BTC, valued at approximately $110 million, positioning itself as a major Bitcoin holder in Asia.
