Japanese financial giant SBI Holdings has announced the launch of its virtual currency exchange, VCTRADE, to the public.
The launch follows the opening up of the platform to pre-registered users last month. In an official announcement dated July 17, SBI said:
“Starting accepting applications for opening new accounts of our virtual currency exchange service (VCTRADE) from today.
“Account opening is available for individuals from 20 to 70 years old residing in Japan. Applications for establishing accounts from corporate customers are not currently accepted.”
Initially, the exchange platform offered support for Ripple’s XRP token, and subsequently added support for Bitcoin (BTC) and Bitcoin Cash (BCH).
The plans to launch SBI Virtual Currencies Co., Ltd. were first revealed in October 2016. However, the launch was delayed as Japan’s Financial Services Agency (FSA) made efforts to increase oversight of domestic cryptocurrency exchanges following the major hack at Coincheck earlier this year.
The company collaborated with Huobi cryptocurrency exchange in late 2017 in its efforts to launch the cryptocurrency exchange. However, SBI dissolved the partnership earlier this year.


JPMorgan, Citibank Korea Face FTC Penalties Over Collusion; Supreme Court Upholds Ruling
TSMC to Report 58% Surge in Q4 Profit Amid AI Demand Boom
PayPal Unveils Direct Crypto to US Dollars Conversion; MetaMask Integration Goes Live
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout
BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion
PayPal Shares Climb 7% Amid Strong Profit Forecast, SEC Scrutiny
Paytm Shares Plummet as Regulatory Crackdown Takes Toll
Mastercard's Shopping Muse: A New Era in AI-Driven E-commerce Personalization
Indian Banks Disburse Employee Benefits Through Digital Rupee, Boosting RBI's Target Transactions
Visa Launches Global AI Advisory Practice to Unlock the Potential of AI in Payments
Intel Secures $8.5 Billion in New Funding Amidst Strategic Revamp and Government Support




