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

Vctrade, the encryption exchange recently launched by the Japanese financial firm SBI Holdings, placed deposits in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). The company announced it in a statement published on December 21. The statement further states that the stock market, which was launched in July, consider adding Bitcoin Cash (BCH) deposits after further crypto value estimates. The SBI also explained that raising cryptocurrencies would be available until late January 2019 and would be limited to a physical portfolio that the company qualifies as a "portfolio".

The ability to use a single portfolio, according to the statement, should "link the client's address", thus ensuring the proper implementation of measures to prevent money laundering and terrorist financing on the stock market.

According to his website, SBI Holdings paid over 92 million yen ($ 828 million) and more than six thousand consolidated employees. According to a statement on provisional results, the company had a revenue of more than 176 million yen ($ 1,584 million) in the six months ended September 30.

As Cointelegraph reported in September, SBI Holding's subsidiary SBI Savings Bank signed a Memorandum of Understanding with Dayli Intelligence, a company specializing in artificial intelligence and blockchain technology. The bank would make this decision to strengthen its business in fintech.
SBI Holdings also announced in August that it has made another investment in the exchange of crypt valued LastRoots.


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