SBI’s Newly Launched Crypto Exchange VCTRADE Adds Support for Bitcoin, XRP and Ethereum

VCTRADE, a new cryptocurrency exchange which is run by the Japanese banking giant company SBI Holdings, revealed that it is now accepting deposits in the form of Bitcoin(BTC), Ethereum(ETH), Ripple(XRP). As of now, it is not yet clear that when will the trading will start on the platform.

SBI Holdings says that it expects to onboard users from its huge set of a database of more than 25 Million people.

 “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.”

The exchange will start allowing the users to sign up of its official launch back in the month of July only and said some of the couple users to begin creating their accounts immediately.

SBI Holdings CEO Yoshitaka Kitao has now high hopes for the rolling out of the new exchanges in the market.

 “When we do it, it will be number one in the blink of an eye so quickly. So even if a tremendous number of customers come, we can build a system that can bear. We have to pursue safety thoroughly.”

SBI Holdings in the year 2016 first invested in the Ripple. The company provides with a long list of services to its users, which even includes a brokerage, foreign exchange services, peer-to-peer lending services, and investment banking.