Home / Ethereum / Vctrade, the new exchange of SBI Holdings, now accepts deposits in Bitcoin, Ethereum and Ripple

Vctrade, the new exchange of SBI Holdings, now accepts deposits in Bitcoin, Ethereum and Ripple



Vctrade, the exchange platform launched in July this year by the Japanese financial giant SBI Holdings, has officially implemented deposits in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP): the company itself revealed it to inside a recent press release.

As explained in the announcement, the company is also examining the possibility of supporting in future also deposits in Bitcoin Cash (BCH). The cryptocurrency withdrawals will not be available until January of next year, and can only be made to a specific hardware wallet indicated by the company.

This choice will allow "link the related address to the customer", ensuring an appropriate implementation of measures to combat money laundering and terrorist financing.

SBI Holdings owns over six thousand employees. In the six months prior to September 30 of this year, the company recorded a profit of about 176 billion yen, equivalent to more than 1.5 billion US dollars.

In September SBI Savings Bank, a subsidiary of SBI Holdings, signed a memorandum of understanding with DAYLI Intelligence, a company specializing in blockchain technology and artificial intelligence, in order to strengthen its activities in the fintech sector.

In August, SBI announced a new round of investments towards the troubled exchange of cryptocurrencies LastRoots. Because of the increasingly stringent regulations implemented in Japan, LastRoots had to radically change the structure of its platform to meet the regulatory requirements imposed by the FSA.


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