Sony Group has officially acquired Amber Group’s Amber Japan, marking a major step for the tech giant in the cryptocurrency exchange market. The acquisition of cryptocurrency platform Amber Japan signals Sony’s strategic expansion into the growing digital currency market.
The report pointed out that the amount involved in this acquisition was billions of yen. Sony Group’s acquisition of Amber Japan highlights the company’s commitment to diversifying its business structure and its exploration of new opportunities in the digital asset field. With this bold step into the cryptocurrency exchange market, Sony is poised to make a significant impact and further solidify its key position in the evolving landscape of digital finance.
Singaporean market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Yijin Li has resigned as company representative for Amber Japan, and Jun Watanabe, chairman of Sony Network Communications Inc., will serve as company representative after the acquisition.
"Sony Group acquires Amber Japan and plans to launch a cryptocurrency exchange" This article was first published on "Blocker".