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

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.

????【お知らせ】
1月31日より、仮想通貨の送付（出庫）サービスの提供を開始いたしました。

XRP｜BTC｜ETHを、当社指定のハードウェア・ウォレットを利用して送付することができるようになりました。
⇒ https://t.co/LeAHG14Kq1
※指定ウォレットの詳細
⇒ https://t.co/k1Ot6dNumX　#SBIVC pic.twitter.com/UgtxYjcPtb
— SBI Virtual Currencies (SBIバーチャル・カレンシーズ） (@sbivc_official) February 2, 2019

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

SBIの仮想通貨交換所VCTRADE、取引所形式の仮想通貨取引が3月から可能に～現在はXRP・BTC・ETH・BCHの売買が販売所形式で行える - 仮想通貨 Watch https://t.co/HaKGXC0yZf @ccbc_watchさんから
— 北尾吉孝 (@yoshitaka_kitao) February 5, 2019

“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.