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VCTRADE, a new cryptocurrency exchange managed by the Japanese banking giant SBI Holdings, says it now accepts deposits in Bitcoin (BTC), XRP and Ethereum (ETH). It is still not clear exactly when trading will start on the platform.
SBI Holdings says it plans to get customers on board from its huge user base of over 23 million people.
"The launch of large-scale services, providing for the influx of customers from the SBI Group's customer base of 23.47 million, in particular, SBI SECURITIES with approximately 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts and SBI Liquidity Market, including SBI FXTRADE, with approximately 1.05 million accounts, etc.
Through mutual collaborations between business ecosystems, they strive to achieve a seamless trading environment between existing financial ecosystem companies. "
The exchange started allowing users to register before its official launch in July, and said that a crush of users immediately started creating accounts.
The CEO of SBI Holdings, Yoshitaka Kitao, has high hopes for the launch of the new exchange.
"When we do that, it will be the number one eyeball so quickly, so even if a huge number of customers arrive, we can build a system that we can endure – we have to pursue security in depth."
SBI Holdings invested for the first time in Ripple in 2016. The company offers a long list of services to its customers, including insurance, peer-to-peer loans, brokerage services, investment banking and foreign exchange.
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