Rakuten Wallet announced the introduction of spot trading services for the virtual asset. At the beginning of this year, Rakuten, an e-commerce giant in Japan, had revealed that the organization had begun to accept new account registrations for its new cryptocurrency exchange, Rakuten Wallet.
Now, at press time, the exchange revealed that the institution would launch a spot trading service for its users as it would allow customers to conduct spot trading on their cryptographic assets directly from their dedicated smartphone app ".
According to their official post, it was also stated that the exchange will include several "security methods" to ensure that their users' cryptographic resources are protected. It has been declared,
"All cryptographic resources owned by customers are stored in an Internet-isolated environment known as" cold wallet "and private keys are managed through a multi-design scheme. Two-step authentication is also required for the ; access, withdrawal of money and withdrawal of resources. "
At press time, only three cryptocurrencies were listed for spot trading which included Bitcoin, Ethereum and Bitcoin Cash, and it was said that there would be no commissions assigned for the registration or management of an independent account.