Finally, Japan's financial SBI giant has formally launched new bank-owned cryptocurrency exchange platform dubbed VCTRADE.
Japan's one of the world's largest cryptocurrency treading market where exchanges are under the regulatory laws and require the license.The operator of VCTRADE – has now begun accepting applications through virtual currencies from Japanese users for new accounts.
The public launch sees the bank-backed cryptocurrency exchange open its doors for all Japanese residents between 20-70 years. At this time, the exchange is only accepting retail investors with no applications from corporate or institutional investors currently under consideration.
During its primary launch last month, VCTRAD initially offered the business of the original token of XRP, Ripple, which ripple consensus laser power provides. With the SBI Ripple Asia jointly operated with San Francisco-based Finitech Giant, to explore Rolpel's Blockchane technology and the application of XRP in the transmission flows in Asian markets, SPI Holdings has interacted internally with its crypto Force.
Within weeks, VCTRADE also added support for Bitcoin Cash (BCH/JPY) and Bitcoin (BTC/JYP), a total of three cryptocurrencies support so far since its preliminary launch in early June.