Japan-based crypto exchange DeCurret plans to sell to HK's Amber Group: report

[Pagla]

The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group.

According to a Wednesday report from the Nikkei newspaper, DeCurret Holdings intends to sell the crypto branch of its business to the Hong Kong-based company Amber Group in February. Though the details of the acquisition are unclear, the news outlet reported that the sale price would be in the millions of dollars.

DeCurret established a new business structure in December 2021, launching a holding company, DeCurret Holdings, and separating its digital currency and crypto business into separate subsidiaries. Under the proposed arrangement, DeCurret Inc. will represent the company’s crypto exchange business, while DeCurret DCP will handle the digital currency business.

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