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.


Standard Chartered Joins China's Digital Yuan Trials, Eyes Cross-Border Payments
Elon Musk’s X Money Launch Set to Revolutionize Digital Payments and Dominate 2025’s Fintech World
Visa Expands Digital Wallet Capabilities with Visa Commercial Pay
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks
BlackRock Seeks FDIC Oversight Deadline Extension to March
Elon Musk's X to Launch In-App Payment Services on Social Media Platform in Mid-2024
Ethereum Refuses to Stay Below $3,000 – $3,600 Next?
FxWirePro- Major Crypto levels and bias summary
PayPal Shares Climb 7% Amid Strong Profit Forecast, SEC Scrutiny




