Odaily Planet Daily News: Japanese securities giant SBI Group announced that its crypto business has set a new quarterly profit record. In the third quarter financial report, SBI Group's crypto business revenue was about 62.8 billion yen, a year-on-year increase of 103.5%, and pre-tax profit reached 18.1 billion yen (about 119.6 million US dollars), a year-on-year increase of 787%. SBI said that the recent recovery of the crypto market has driven the growth of its trading platform, and the number of its crypto accounts increased by 15.3% month-on-month. It is expected that the total revenue of SBI VC Trade and BITPoint will exceed 60 billion yen (about 3.96 million US dollars) this quarter. In addition, SBI will complete the migration of its competitor DMM Bitcoin customers by March 8. It is expected that the number of wallets on the SBI VC Trade platform will increase to about 1.3 million after the migration, while BITPoint currently has about 400,000 wallets.