Japan's leading financial conglomerate, SBI Holdings, has expanded services on its cryptocurrency exchange VCTRADE to include deposits for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Launched in July, the exchange is also evaluating potential support for Bitcoin Cash (BCH) deposits in the near future.
Key Features of VCTRADE's Deposit Services
- Supported Cryptocurrencies: BTC, ETH, XRP (with BCH under review).
Security Measures:
- Uses "address linking" technology to bind deposits to a single designated wallet.
- Enhances AML (Anti-Money Laundering) and CFT (Counter-Terrorism Financing) compliance.
- Withdrawals: Expected by late January 2019, exclusively via approved hardware wallets.
👉 Discover how SBI Holdings is shaping Japan's crypto landscape
About SBI Holdings
- Capital: ¥92 million (~$8.28 billion).
- Global Workforce: 6,000+ employees.
- Recent Revenue: ¥176 million (~$158.4k) in H1 2018.
Strategic Crypto Investments
SBI Holdings has been actively investing in blockchain and fintech ventures:
- Partnered with Dayli Intelligence (AI/blockchain specialist) via its subsidiary SBI Savings Bank.
- Invested in LastRoots, a Tokyo-based crypto exchange, for the second time in August 2018.
FAQ Section
Q1: Can I withdraw cryptocurrencies from VCTRADE now?
A1: No. Withdrawals will be enabled in late January 2019, restricted to specific hardware wallets.
Q2: Is Bitcoin Cash (BCH) supported?
A2: Not yet. BCH deposits are under evaluation.
Q3: How does VCTRADE ensure security?
A3: Through address-linking technology and strict AML/CFT protocols.
👉 Explore more about secure crypto trading
Conclusion
VCTRADE’s new deposit services mark a significant step in SBI Holdings’ crypto strategy, combining robust security with user convenience. As the exchange evolves, expect further integrations and compliance innovations.