World’s First Bank-Backed Crypto Exchange Now Open! | #VentureCanvas – VentureCanvas
Amanda Williams | Zycrypto
Several months on from launching its in-house cryptocurrency trading platform, Japanese financial giants SBI holdings has officially announced on Tuesday that the new service is now available to members of the general public.
A short statement on the SBI website affirmed that the VcTrade virtual currency exchange service is now accepting applications for ‘opening new accounts.’ Japanese residents between ages 20-70, with interest in trading digital currencies, can now sign up on the platform, even though provisions to accept corporate customers are yet to be put in place by SBI holdings.
An official license to operate the VcTrade exchange was acquired from Japan’s Financial Services Agency, last year September but the owners announced in February that they would have to tighten security measures following the $534 million hack on Coincheck before rolling out the service. Now, it finally seems they are ready to test the deep waters of the crypto markets, hoping to make a strong statement with the new model of crypto exchange.