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New Deal


Announced

Completed

Binance completed the acquisition of Sakura Exchange BitCoin.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Private

Acquisition

Payments / Commerce

Completed

Japan

Majority

crypto exchange

Cross Border

Synopsis

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Binance, a blockchain ecosystem and cryptocurrency infrastructure provider, completed the acquisition of Sakura Exchange BitCoin, the Japanese-registered crypto exchange service provider. Financial terms were not disclosed. "We are honored and delighted to make this announcement with Binance, one of the world’s leading crypto asset exchange service providers. On top of our effort to prioritize user protection, Binance’s strong compliance system will contribute to building a more compliant atmosphere for users in Japan and help them access key crypto services needed for mass adoption in the future," Hitomi Yamamoto, SEBC CEO.

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