Sony Group is diving into the cryptocurrency trading business through its subsidiary S.BLOX, formerly known as Amber Group, and its Whalefin exchange. Originally offering cryptocurrency trading services, S.BLOX plans to relaunch Whalefin with a revamped user interface and a new app aimed at enhancing user experience. The move includes expanding supported cryptocurrencies and improving platform functionality.
The initiative follows Sony’s strategic partnerships in blockchain technology, including a collaboration with Startale Labs to develop a blockchain supporting Sony’s Web3 strategy across various sectors. This includes gaming, network services, music, entertainment, imaging, sensing solutions, and financial services.
Earlier partnerships with Astar Network in February 2023 focused on NFTs and DAOs through an incubation program, highlighting Sony’s growing interest in blockchain technology and its potential applications.
Sony’s foray into cryptocurrency trading signifies a significant expansion into digital asset markets, leveraging its global reach and technological expertise.
What do you think about the involvement of Sony Group in the cryptocurrency exchange business through Whalefin and S.BLOX? Tell us in the comments section below.
