SBI Holdings' new platform will be ready for crypto trading next month

07 Feb, 2019 | Updated: 07 Feb, 2019
by Fifi Arisandi
SBI Holdings' new platform will be ready for crypto trading next month

SBI Holdings' new crypto exchange, VC Trade can now be used for crypto trading after completing anti-money laundering and anti-terrorism regulations compliance process. 

Japanese financial giant, SBI Holdings that just partnered with Ripple Labs just announced an update on their new crypto exchange.

Read more: Ripple is growing its partnerships, integrating with SBI and Euro Exim

After months of efforts to comply with AML (anti-money laundering) and anti-terrorism financing regulations, VC Trade will be usable for trading cryptocurrency starting next month.

Users will soon be able to buy and sell various cryptos, such as XRP, BTC, ETH and BCH on the platform, quoting the CEO, Yoshitaka Kitao’s statement, “SBI Virtual currency Exchange VC Trade, Exchange-style cryptocurrency trading available from March-now you can buy and sell XRP, BTC, ETH, BCH in the Sales office format from the virtual currency.”

VC Trade seeks to get users flux from SBI Group’s 23.47 million of users, expecting to gain a significant amount of cash from them, as reported by Cryptimi.

Read more: Nasdaq is working with 7 crypto exchanges; Gemini & SBI Virtual Currencies onboard

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