Several months on from launching its in-house cryptocurrency trading platform, Japanese financial giants SBI holdings has officially announced on Tuesday that the new service is now available to members of the general public.
In September 2017 SBI Virtual Currencies registered with the Financial Services Agency of Japan – CEO Yoshitaka Kitao said that the company’s intention was to create a “dominant cryptocurrency exchange platform”. The exchange was finally launched in beta mode on the 30th of January 2018.
At its June launch, VCTRADE announced it will initially support trading of Japanese yen against XRP, the native token of the Ripple protocol – a move that aligns with the institution’s wider support for XRP in cross-border blockchain settlement.
The exchange services which runs under wholly-owned subsidiary – SBI Virtual Currencies was only made available to pre-registered users as VcTrade pledged to initially support the trading the Japanese yen against XRP, the native token derived from the Ripple blockchain protocol.
Since last month, the owners have subsequently added Bitcoin (BTC) and Bitcoin cash (BCH) yen-based trading pairs on the exchange in order to increase its offering to the numerous users expected to use its platform. More popular trading pairs are likely to be added to the service within the coming days and months.
The exchange currently handles Ripple (XRP), Bitcoin Cash (BCH), Bitcoin (BTC), as well as trading pair with the Japanese Yen. Kitao’s message in May indicates that the exchange is also interested in listing Ether (ETH) in its early stages.
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