🌊⛔️DMM Bitcoin, a pioneer of cryptocurrency trading in Japan, has officially announced the closure of its operations! This exchange, once a strong presence in the market, has decided to sell its assets to SBI Group's subsidiary SBIVC Trade after an extraordinary journey.
🔄 Background Story:
🎨In 2017, DMM Group established DMM Bitcoin, which quickly became a pillar of the Japanese cryptocurrency market thanks to its strong brand influence and technical capabilities.
🔒However, a major security incident in May 2024 led to a crisis of trust for the platform, resulting in a loss of 48.2 billion yen in Bitcoin.
💡Despite promises of compensation, DMM Bitcoin opted for a more comprehensive solution compared to other methods: closing operations.
👥 Impact:
Approximately 450,000 users' assets will be transferred, marking not only the end of DMM Bitcoin but also the strengthening of SBI's power in the cryptocurrency market.
DMM Bitcoin's exit serves as a reminder that security is crucial in the cryptocurrency world. SBI Group's takeover signifies not just a transfer of assets, but also the inheritance of responsibilities.
#DMMBitcoin #SBIGroup #CryptoNews #JapanCrypto
