Web3.0

[NEWS] Sony Group enters cryptocurrency exchange business through S.BLOX's Whalefin

2024/07/28 08:36 (Updated 2024/12/13 10:52)
Editors of Iolite
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[NEWS] Sony Group enters cryptocurrency exchange business through S.BLOX's Whalefin

Sony makes full-scale entry into cryptocurrency field

Amber Japan, which operates the cryptocurrency (virtual currency) trading service "WhaleFin," announced on the 1st of July that it will change its name to S.BLOX Co., Ltd. and renew its services.

The company also revealed that it had acquired S.BLOX through Quetta Web, a Sony Group subsidiary, in August last year. This marks Sony's full-scale entry into the cryptocurrency industry.

As a member of the Sony Group, the company said it will work with the group's various businesses to create new added value in cryptocurrency trading services.

According to the announcement, the renewal of the currently offered WhaleFin will include an improved UI screen design and the release of a new app. After the renewal, it seems that the company plans to further expand the supported currencies and functions.

Focus on Web 3.0 field

Sony has already shown its intention to focus on the Web 3.0 field.

Last September, Sony Bank announced that it would establish a joint venture with Starrale Labs, the Japanese company behind Astar Network, to develop its own blockchain.

Sony Bank has also demonstrated its commitment to diversifying its business by releasing a smartphone app for the Web 3.0 entertainment sector called "Sony Bank CONNECT" and launching a demonstration experiment to issue stable coins for use in games and other media.

Reference: Press release
Image: Shutterstock

Related articles:

Sony Bank begins demonstration experiment to issue stable coins, with an eye on use in the entertainment sector

Sony Bank to release Web 3.0 app in conjunction with NFTs and digital securities this summer

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.