Japanese Giant SBI Adds Bitcoin, XRP and Ethereum to New Crypto Exchange, Ripple Partner Plans to Expose 23 Million People to Cryptocurrency

VCTRADE, a new cryptocurrency exchange run by Japanese banking giant SBI Holdings, says it is now accepting deposits in Bitcoin (BTC), XRP and Ethereum (ETH). It is not yet clear exactly when trading will begin on the platform.

SBI Holdings says it expects to onboard customers from its huge user base of more than 23 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 began allowing users to sign up ahead of its official launch back in July, and said a crush of users immediately began creating accounts.

SBI Holdings CEO Yoshitaka Kitao has high hopes for the roll out of the new exchange.

“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 first invested in Ripple back in 2016. The company offers a long list of services to its customers, including insurance, peer-to-peer lending, brokerage, investment banking and foreign exchange services.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Japanese Giant SBI Adds Bitcoin, XRP and Ethereum to New Crypto Exchange, Ripple Partner Plans to Expose 23 Million People to Cryptocurrency appeared first on The Daily Hodl.