VCTRADE run by SBI Holdings available for everyone now

Posted 17 July, 2018

The first bank-backed trading platform dealing with cryptocurrencies – VCTRADE – is now opened to the public. 

The exchange is run by the financial behemoth from Japan, SBI Holdings. For reference, the holding voiced plans to enter the crypto trading market in 2016. The project was launched last month, but only a limited number of pre-registered users could use its services. 

“Starting accepting applications for opening new accounts of our virtual currency exchange service (VCTRADE) from today," the company noted on the website.

According to the statement on the company website, all Japanese residents from 20 to 70 years old are now able to trade on the exchange. At the same time, the service remains closed to the corporations. As the company commented earlier, users could initially trade Japanese yen against XRP. Meanwhile, by now the company has added yen to Bitcoin Cash and Bitcoin against yen pairs.

Notably, VCTRADE passed certification with Japan's Financial Services Agency last year, but its inauguration had been postponed. Specifically, the company worked on boosting the security of the services, especially after the early-2018 heist from Coincheck. 

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