Cryptocurrency exchange SBI Virtual Currencies started trading Bitcoin and Bitcoin Cash in pair with the Japanese yen.
SBI Virtual Currencies is one of 16 registered kryptomere in Japan, on 4 June launched a trading service Vctrade, which was originally supported only by XRP. 8 June was held the listing BCH, and today BTC. At the moment the service is available only to pre-registered users; the full launch is expected in a month. It is unknown why bitcoin became only the third asset offered for exchange.
Bidders can place orders as Fiat (500 to 5 million yen), and digital currencies in the range between 0.0001 and 40 BCH, 0.0001 and 5 or 10 BTC and XRP 70,000.
Local media reported that representatives of the SBI Group confirmed the possibility of adding ETH in the future. They also stated that do not plan to support “smaller” assets.
SBI also plans to move into Vctrade clients of an existing service associated with the securities in order to obtain a large share of the cryptocurrency market. According to the company, SBI Securities, “the largest volume of stock trading in Japan, the number of accounts, deposits and profitability”.
SBI Virtual Currencies was founded in 2016; after receiving the license in September 2017 a subsidiary of SBI has postponed the opening exchanges because of fears associated with breaking another Japanese exchange Coincheck.
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