Home / Ethereum / VCtrade of Crypto Exchange by SBI Holdings Accepts Bitcoin, Ethereum, Ripples Deposits

VCtrade of Crypto Exchange by SBI Holdings Accepts Bitcoin, Ethereum, Ripples Deposits



Vctrade, a cryptographic exchange recently launched by the Japanese financial giant SBI Holdings, has implemented deposits Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). The company revealed it in a press release published on December 21st.

The announcement also notes that the exchange, launched in July, is considering the addition of deposits of Bitcoin Cash (BCH) after a further evaluation of the cryptocurrency. SBI also explained that the cryptocurrency withdrawals will not be available until the end of January 2019 and will be limited to a hardware portfolio that the company defines as "designated portfolio".

The possibility of using only one specific portfolio, according to the announcement, should "link the relevant address to the client", thus ensuring an adequate implementation of the money laundering and counter-terrorism measures on the exchange.

SBI Holdings, according to its website, has a paid-in capital of over 92 million yen ($ 828 million), and over six thousand well-established employees. According to an announcement of intermediate results, in the six months ended on September 30th of this year the company recorded a turnover of over 176 million yen ($ 1,584 million).

As reported by Cointelegraph in September, a subsidiary of SBI Holdings, the bank SBI Savings, has signed a memorandum of understanding with Dayli Intelligence, a company specializing in artificial intelligence and blockchain technologies. The bank would have made this move to strengthen its activity in the fintech sector.

In August, SBI Holdings also announced that it has made a second investment in LastRoot with the exchange of cryptocurrencies.


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