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VCTRADE is a new crypto exchange managed by the Japanese banking giant SBI Holdings and from now on it will begin to accept deposits in BTC, XRP and ETH.
It was not revealed when exactly the trading would have started on the platform.
SBI expects to welcome more than 23 million people on the platform
In addition, SBI said it expects to welcome customers from its massive 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. "They announced.
SBI also said that through mutual collaborations between corporate ecosystems, they will develop a seamless environment between existing financial ecosystem companies.
The exchange started allowing users to register before its official launch in July and reported that a considerable stream of users has arrived and created accounts.
"When we do that, it will be the number one eyeball so quickly, so even if a huge number of customers arrives, we can build a system that we can endure – we have to pursue security in depth," he said the CEO of SBI Holdings, Yoshitaka Kitao. It seems that he really has high hopes for the launch of the new exchange.
SBI Holdings collaborated with Ripple in the way they invested in the company in 2016.
They currently offer a long list of customer services, including peer-to-peer, insurance, brokerage, investment banking and foreign exchange services.
Ripple addresses the importance of 2018 for cryptographic space
Regarding Ripple, the company recently addressed the main reasons why 2018 was the year of the discovery for cryptography. They also believe that 2019 will be the year of traditional adoption.
In a recent blog post, Ripple said that developments this year are great despite the fall in the encrypted market.
