Hong Kong wine firm to buy $30M stake in Japanese crypto exchange BitOcean

posted 3 months ago
Crypto exchange BitMEX and a fine French wine retailer are reportedly partnering to acquire a majority stake of licensed — but inactive — Japanese crypto exchange BitOcean. Madison Holdings Group, currently listed on the Hong Kong Stock Exchange, reportedly plans to acquire a 63% stake of BitOcean for $15M — paid to existing third-party stakeholders — in addition to a further $15M in extra fees.

BitOcean is a crypto exchange that is officially registered with Japan's financial regulator, the Financial Services Agency, although it has yet to go live with its trading services.
Tags: bitcoin, news