SBI Group and Cryptocurrencies
According to the Nikkei, the SBI Group, a Japanese financial services giant, acquired the stocks of Clear Markets.
According to the company’s report, the operating unit of SBI Holdings acquired 12% of Clear Markets’ shares. Unofficially, the transaction price was over $9 million. By investing in Clear Markets, SBI hopes to create a trading platform, which will attract institutional investors and increase theirs position in the market.
The main advantage, that derivatives offer investors, is that they provide hedging against risks in an unstable market, such as cryptocurrencies. By using cryptographic derivatives such as ETFs, investors can participate, to a large extent, in the cryptocurrency market.
Also, the SBI Group grows their impact on the cryptocurrency market and has made a few cryptocurrency-based investments. Earlier this month they invested in Canada’s Lancium Technologies, which provides wind power to digital currency “mines”. The investment will help SBI lower its environmental burden as a miner of Bitcoin Cash and expand abroad.
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