Home News SBI to Launch Subsidiary’s Virtual Currencies Service -Update

SBI to Launch Subsidiary’s Virtual Currencies Service -Update

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●SBI Virtual Currencies as Subsidiary for Crypto Exchange Business
●Crypto Spot Trading Service from early June
SBI Holdings(SBI), a listed Japanese financial service company, announced that its subsidiary SBI Virtual Currencies launched a  cryptocurrency spot trading service VCTRADE from early this month, according to its website information.
SBI’s crypto subsidiary would launch the service, first with its limited 20K users who completed the advanced application in last year.
The open registration is scheduled to start in July this year.
SBI Virtual Currencies, initially available only with XRP, will add its tradable coins, including Bitcoin (BTC) and Bitcoin Cash (BCH).
The subsidiary will adopt NASDAQ’s transaction system (matching system),already used by SBI’s other group company SBI Japannext.
For the wallet and security management, SBI Virtual Currencies partners SECOM’s subsidiary  SECOM Trust Systems.
Service Overview :
Coins  (Planned) : XRP, Bitcoin (BTC), Bitcoin Cash (BCH)
Settlement Currency: JPY