DMM Bitcoin Trading Service to Essentially End; Assets and Accounts Transferred to SBI VC Trade

SBI VC Trade Co., Ltd. announced that it has reached a basic agreement with DMM Bitcoin Co., Ltd. regarding the receipt of all accounts and deposited assets related to the cryptocurrency trading service provided by DMM Bitcoin.

Based on the current basic agreement, all accounts and customers' deposited assets (in Japanese yen and cryptocurrencies) opened at DMM Bitcoin are scheduled to be transferred to SBI VC Trade around spring 2025. In line with this transfer, plans are underway to start handling the 14 cryptocurrencies currently dealt with by DMM Bitcoin at SBI VC Trade before the transfer.

The press release provided below is published.

SBI Holdings Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director and President: Kita0 Yoshitaka), through its subsidiary company operating the cryptocurrency exchange business, SBI VC Trade Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director and President: Kondo Tomohiko, hereinafter referred to as 'the Company'), has reached a basic agreement with DMM Bitcoin Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director: Matsuda Kouki, hereinafter DMM Bitcoin) to take over all accounts and deposited assets related to the cryptocurrency trading service provided by DMM Bitcoin.

Under this agreement, all customer deposited assets (Japanese yen and cryptocurrencies) in accounts opened at DMM Bitcoin are scheduled to be transferred to the Company around spring 2025. Also, regarding the 14 types of cryptocurrencies currently not handled by the Company but available for physical trading at DMM Bitcoin, the Company plans to start managing them before receiving the takeover of deposited assets.

Going forward, both companies will continue discussions toward concluding a formal agreement concerning the transfer of accounts and deposited assets. If there are matters to be disclosed concerning specific transfer dates or transfer methods, they will be promptly announced.

At the Company, we will continue to provide services based on the 'Customer-Centric Principle' espoused by the SBI Group, standing from the customer's viewpoint. We humbly ask for your continued patronage.

(SBI VC Trade Co., Ltd.)
<Notice about using Cryptocurrencies>
Cryptocurrencies are different from 'legal currency' like Japanese yen or dollars, and their value is not guaranteed by any government, etc.
Cryptocurrencies may incur losses due to fluctuating prices.
Cryptocurrencies may lose their value due to system breakdowns in the transfer recording mechanism.
In the event that the Company goes bankrupt, there is a possibility that entrusted funds and cryptocurrencies cannot be returned.
When engaging in cryptocurrency trades with the Company, please note that there are also other cautionary points. Before initiating trades, kindly read the terms and conditions, preliminary contract documents, etc., thoroughly and fully understand the trade content and mechanism, risks, etc., and make trades based on your own judgment.
If you lose the private key, you may not be able to use the possessed cryptocurrencies, leading to a possible loss of their value.
Cryptocurrencies can only be used for payment of the value with the consent of the receiving party.
Trademarks, etc.: SBI VC Trade Co., Ltd. (Type 1 Financial Instruments Business Operator, Cryptocurrency Exchange Business Operator)
Type 1 Financial Instruments Business: Director-General of Kanto Finance Bureau (Kinsho) No. 3247
Cryptocurrency Exchange Business: Director-General of Kanto Finance Bureau No. 00011
Joining Association: Japan Virtual Currency Exchange Association (Member No. 1011)

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Inquiries related to this press release
SBI VC Trade Co., Ltd. Planning and Business Department 03-6229-1166

As a result of this transfer, DMM Bitcoin's withdrawal services will be terminated, and the assets managed and services provided by the same company will be transferred to SBI VC Trade.