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From PlayStation to Crypto: Sony Acquires Amber Japan, Expanding into Digital Assets

Published 07/01/2024, 02:26 PM
Updated 07/01/2024, 03:15 PM
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  • Sony enters crypto trading by acquiring Amber Japan, expanding its diverse $100B+ business portfolio.
  • Amber Group’s resilience post-FTX collapse, securing $300M funding, underscores its strategic market maneuvers.
  • Sony’s NFT exploration, highlighted by a 2023 patent, aligns with its Amber Japan acquisition for blockchain innovation.

Sony Group has entered the cryptocurrency trading platform sector with the acquisition of Amber Japan, a move that highlights the conglomerate’s commitment to diversifying its already extensive portfolio.

As noted on X (formerly Twitter) by reporter Colin Wu, Sony, with a market value exceeding $100 billion, has interests in gaming, music, and cameras.

Earlier this year, Singapore-based market maker Amber Group acquired and rebranded the regulated Japanese cryptocurrency trading …

The post From PlayStation to Crypto: Sony Acquires Amber Japan, Expanding into Digital Assets appeared first on Coin Edition.

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