Author: Kella Pacquiao, Philippines
SBI holdings, the japanese tech giant, announces the launch of its own cryptocurrency exchange called VCTRADE this month.
The company also note that the service are only available to the pre-registered users back in October 2017. Since then, its prior expected release was in July 2018.
What is the VCTRADE for?
VCTrade is designed for trading XRP, and will eventually add bitcoin and bitcoin cash in support. But it was yet to reveal when it will be applied.
There is no set transaction fees for XRP or JPY trading on its launching. However, fees will be charged during withdrawals in the japanese yen currency.
A count of 20,000 pre-registered users was determined to try the exchange first.
After the platform finished the business registration with Japan’s Financial Services Agency or FSA in September 2017, the service launch was revealed to be delayed because of the security issues during the Coincheck hack.
It has been 15 months since the VCTRADE first announcement launch.
Further statements are expected to be made in public this July.