Finally, after a long wait of two years, the world’s first bank-owned cryptocurrency exchange is all set for its public launch in Japan.
The cryptocurrency exchange is called ‘VCTRADE‘ which is launched by the Japanese financial giant SBI Holdings. As previously reported by CCN, the exchange was firstly launched just for around 20k pre-registered users and not to the entire public even after acquiring the license and abiding regulations, to strengthen its security measures after an infamous $530 million hack of Tokyo-based exchange Coincheck in January.
SBI Virtual Currencies, the operator of VCTRADE announced the acceptance of applications for the new account creation, by the Japanese users. Currently, the bank-backed exchange is serving all the Japanese residents between 20-70 years and is accepting just the retail investors.
At the preliminary launch, VCTRADE revealed to offer the trading of XRP (Ripple) as SBI Holdings have partnered with Ripple to explore various Ripple-based blockchain applications in the Asian markets, through its San Francisco-based FinTech venture – SBI Ripple Asia. And Soon, VCTRADE added support for Bitcoin and Bitcoin Cash also.
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