SBI Crypto Investments of Tokyo has purchased 12 percent of Clear Markets of North Carolina as part of its goal of opening a cryptocurrency derivatives trading platform that caters to institutions, according to the Nikkei Asian Review.
SBI Crypto Investments is a subsidiary of SBI Holdings, which is itself a subsidiary of SBI Group, which is a financial conglomerate with a market capitalisation of $5.9 billion. The purpose of SBI Crypto Investments is to make investments to advance the cryptocurrency-based ambitions of SBI Group.