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SBI Holding’s crypto exchange VCTRADE to begin trading in March

Thu, 07 Feb 2019, 05:18 am UTC

Japanese financial services giant SBI Holdings has announced that its cryptocurrency exchange, VCTRADE, will be officially launched in March.

Once launched, the platform would allow users to buy and sell a number of digital currencies including Ripple (XRP), Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). It has already enabled deposit and withdrawal services for BTC, ETH, and XRP.


Yoshitaka Kitao, Representative Director, President & CEO o SBI Holdings, Inc., believes that the crypto platform will see massive adoption from its huge customer base.


“At the launch of full-scale services, expecting customer inflow from the SBI Group’s customer base of 23.47 million, specifically, SBI SECURITIES with approx. 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts, and SBI Liquidity Market, including SBI FXTRADE, with approx. 1.05 million accounts, etc.

“Through mutual collaborations between business ecosystems, endeavor to realize a seamless trading environment between existing financial ecosystem companies.”

Last month, SBI Holdings signed a contract with enterprise blockchain software firm R3 to establish a joint venture company.

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