SBI Holdings adds Bitcoin, Ethereum and Ripple’s XRP

Japan is considered to be one of the most advanced countries worldwide in the field of crypto currencies. Due to the move in of Bitcoin and the associated increase in value, Japanese have spent more money than ever before. The financial giant SBI Holdings has listed BTC, ETH and XRP on its stock exchange.

VCTRADE, the cryptoexchange launched by Japanese banking giant SBI Holdings, has announced that deposits with Bitcoin, Ethereum and XRP have been possible since yesterday. However, SBI remains cautious with a precise start date for the actual start of trading. Since the middle of this year, interested parties have been able to apply as beta testers and thus be part of the project right from the start. SBI Holdings expects that more than 23 million people will use the stock exchange right from the start and that demand will be very high (freely translated):

With the introduction of full-scale services, the SBI Group expects a customer inflow of 23.47 million customers, in particular SBI SECURITIES with approx. 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts and SBI Liquidity Market, including SBI FXTRADE, with approx. 1.05 million accounts, etc. In mutual cooperation between business ecosystems, they strive to create a seamless trading environment between existing companies in the financial ecosystem.

CEO of SBI, Yoshitaka Kitao, is confident that VCTRADE will quickly become the world’s largest trading platform, not least due to the prominent support and development of the company itself:

When we do it, it’ll be number one so fast. Even if an enormous number of customers are added, we can build a system that can handle it. We must thoroughly strive for security.

SBI Holdings had already invested in Ripple in 2016 because it was already convinced of its technology and visions at that time. SBI offers its customers a wide range of services from a single source. These include insurance, peer-to-peer loans, brokerage, investment banking and foreign exchange.

XRP is listed on decentralized stock exchange Cryptobridge

The Cryptobridge decentralized stock exchange has listed XRP and now offers trading against Bitcoin and Ethereum. Meanwhile, the XRP community insists that XRP be implemented as a base pair on Binance. The CEO of the exchange, Changpeng Zhao, has entered the debate but has not made a clear statement. The hope and pressure built up will continue to be maintained.

Careful what you wish for. ?

– CZ Binance (@cz_binance) 21 December 2018