SBI Holdings, a major Japanese financial group, has completed its acquisition of Singapore-based crypto exchange Coinhako after receiving approval from the Monetary Authority of Singapore. The deal transferred custody of roughly 1.111 trillion SHIB tokens, valued at about $4.5 million at the time, though those tokens were already part of Coinhako's existing reserves — not a fresh market purchase. Meanwhile, SHIB exchange flows show a net outflow of 97.64 billion tokens over the past 24 hours, even as total exchange reserves climbed to 86.497 trillion.
SBI's regulated SHIB trading goes live
Following the acquisition, SBI now offers SHIB trading against both the Singapore dollar and the US dollar through a regulated platform. The move expands SBI's footprint in Southeast Asia. Coinhako manages a digital asset portfolio worth over $164 million, with SHIB among its larger holdings. For SHIB holders, the development means a new, licensed venue to trade the token in a jurisdiction with clear rules.
Exchange flows: outflows persist despite rising reserves
Over the latest 24-hour period, 173.45 billion SHIB flowed into exchanges and 271.09 billion left, resulting in a net outflow of 97.64 billion. That continues a longer trend: during the prior 10-day period, more than 1.4 trillion SHIB left centralized exchanges. On the day of the report, 64 billion SHIB have left so far. Yet exchange reserves of SHIB climbed to 86.497 trillion tokens — a sign that inflows are still happening, just not enough to offset the outflows. The divergence suggests some holders are moving tokens off exchanges while others are depositing, possibly for trading or staking.
What the transfer means for SHIB supply
The 1.111 trillion SHIB transferred as part of the SBI acquisition were already sitting in Coinhako's customer and exchange reserves. So the move doesn't represent new demand or a reduction in circulating supply. It's more about custody changing hands. SHIB price traded around $0.00000409 after extending its recent decline. The timing isn't great for bulls, but the acquisition itself adds a regulated on-ramp that could bring in new buyers over time.
The next thing to watch is whether SBI's regulated SHIB pairs attract fresh retail and institutional interest in Southeast Asia, and whether the persistent exchange outflows continue to tighten available supply on trading platforms.
