ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
The Ripple logo adorns a wall at a banking and financial conference in Toronto on Oct. 19.   © Reuters
Currencies

Virtual currency 'Ripple' effect takes SBI to 9-year high

Investors see massive unrealized gains on brokerage's stake in XRP operator

YUKO NOMURA, Nikkei staff writer | Japan

TOKYO -- The cryptocurrency bubble has revealed itself in the stock market here as investors flock to SBI Holdings, betting that the brokerage's links to U.S. virtual currency operator Ripple will yield massive investment gains as its XRP's price soars.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more