Ripple partner SBI Holdings’ cryptocurrency exchange, VC Trade launch date announced

SBI’s CEO, Mr. Yoshitaka Kitao announced this news at the third quarter results briefing for the fiscal year ending March 31, 2019. The exchange, which was launched in July 2018 had previously restricted the withdrawals of cryptocurrencies and had limited the users to use hardware wallet that the company refers to as “designated wallet”.According to its website, SBI Holdings had previously announced that it had paid-in capital of 92 billion yen [$828 million] and over six thousand consolidated employees. According to an interim results announcement, the six months ended Sep. 30 of this year the company registered over 176 million yen in revenue [$1.584 million].With its recent partnerships with R3, Ripple and other prominent companies in the cryptocurrency ecosystem SBI Holdings Co. Ltd. is on a race to become a global leader in the payments and cryptocurrency space.SBI Holdings had previously announced that it had made a secondary investment in the cryptocurrency exchange LastRoots.


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