SBI Holdings Launches the First Bank-Supported Exchange Platform in the World
On Tuesday, a Japanese whale of Finance, SBI Holdings, formally declared that its very own cryptocurrency trade exchange platform is now accessible to Japanese individual customers.
VcTrade is Now Available to Japanese Individual Customers
According to SBI Holdings’ website, the company asserted that it is now welcoming application forms from Japanese customers (between the ages of 20 and 70) who are interested in cryptocurrencies trading and they can join their platform - VcTrade; although, they are still looking into the regulations of accepting corporate clients.
SBI was granted a license to initiate the functions of VcTrade by the Financial Service Agency in September of last year. However, SBI holdings declared in February that they have to hold its launch until they apply stricter security protocols after Coincheck was hacked and lost 534M USD, Now, SBI is looking forward to creating a solid reputation in the market with its innovative approach to cryptocurrency exchange
During the launch, in June, SBI made VcTrade accessible to only pre-registered customers as it promised its customers by start by supporting the trade of Japanese yen against Ripple’s blockchain protocol currency (XRP).
And, to widen its offerings to its platform users, SBI added two more yen-based trading pairs, Bitcoin and Bitcoin cash, to its platform. And, they are planning on adding more trading pairs in the next few days and months.
SBI holdings declared its decision to design Japan’s and the World’s first bank-supported cryptocurrency exchange platform two years ago. Now, it's on the edge of brings its dream to life
This platform would represent another breakthrough for the blooming cryptocurrency industry as this platform will attract will bring corporate money into the cryptocurrency industry. At the same time, it is considered to be a trustworthy portal for SBI Holdings Services’ thirteen million customers.