18.7 C
Amsterdam
10 August 2022
PumpMoonshot
Image default
Ethereum

SBI Holdings’ Crypto Exchange VCTRADE Accepts Bitcoin, Ethereum, Ripple Deposits



VCTRADE, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21.

The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as “designated wallet.”

The ability to only use one specific wallet, according to the announcement, is supposed to “link the address pertaining to the customer,” thus ensuring adequate implementation of Anti-Money Laundering and Counter-Terrorist Financing measures on the exchange.

SBI Holdings, according to its website, has paid-in capital of over 92 million yen ($828 million), and over six thousand consolidated employees. According to an interim results announcement, in the six months ended Sep. 30 of this year the company registered over 176 million yen in revenue ($1.584 million).

As Cointelegraph reported in September, a subsidiary of SBI Holdings, the SBI Savings bank, has signed a memorandum of understanding with DAYLI Intelligence, a company specialized in artificial intelligence and blockchain technologies. The bank has reportedly made this move to bolster its fintech business.

In August, SBI Holdings also announced that it had made a second investment in cryptocurrency exchange LastRoots.



Related posts

Top Trader Says Ethereum Looks Exceptionally Bullish, Unveils Targets for Bitcoin and Explosive Altcoin Terra

PumpMoonshot

Ethereum Price Prediction: ETH/USD spectacular rally to new 2020 highs

PumpMoonshot

Ethereum co-founder Vitalik Buterin discusses differences Ethereum and Bitcoin

PumpMoonshot