SBI Crypto shuts down its Bitcoin mining pool after five years
SBI Crypto is shutting down its Bitcoin mining pool, directing miners to alternative operators.
The company is shifting its focus to other areas of its cryptocurrency strategy.
SBI Holdings recently acquired crypto exchange Bitbank for 46.7 billion Japanese yen, or $289 million, to expand its presence in the market.
The shutdown comes as the company increases its focus on stablecoins, including backing JPYSC and supporting Ripple’s rollout of the Ripple USD stablecoin in Japan.