The first crypt-exchange entirely owned by a bank has just opened new registrations to the public. The SBI Virtual Currencies exchange – known simply as VCTRADE – now accepts new applications or registrations from users who were not part of the pre-registration group since last October.
In an announcement about the SBI Virtual Currencies exchange, the VCTRADE team stated that (translated by google):
Further instructions on how to open an account with the exchange were provided via this link. Of note, it is that trading services are currently available only for residents in the country of Japan. Anyone wishing to open a user account with cryptographic exchange can now do so via the available registration link.
At the start of the SBI virtual currencies, the exchange initially supported XRP trading against the Japanese Yen. However, Bitcoin (BTC) and Bitcoin Cash (BCH) were soon added on the exchange less than two weeks later.
The public launch of the VCTRADE platform comes almost 2 years after SBI Holdings has expressed its intention to build a cryptocurrency exchange in October 2016. The launch has been postponed several times because the & # 39; company has worked to ensure the exchange of internal security sufficient to avoid hacks like those witnessed by Coincheck, Bithumb, Conrail and, more recently, Bancor.
The opening of the exchange of virtual currencies SBI is particularly important for the XRP community which believes that the exchange will increase the liquidity of XRP and will contribute to increasing the demand for digital assets by further increasing its value.