Breaking: SBI Holdings' VCTRADE Accepts XRP (Ripple), Bitcoin (BTC) And Ethereum (ETH) Deposits

Breaking: VCTRADE Is Now Accepting XRP, Bitcoin (BTC) And Ethereum (ETH) Deposits

As per an announcement made via Twitter yesterday, SBI Holdings has just announced that its cryptocurrency exchange ‘VCTRADE’ will now be accepting XRP, Bitcoin and Ethereum deposits from its customers. The feature has already gone live and can be made use of by any customer who is currently subscribed to the platform.

The announcement made by the firm (in Japanese) roughly translates to the following:

“ [VCTRADE] is all set to provide its customers with a virtual currency receipt service from December 21, 2018 (Friday). As a result of this, we will now be accepting XRP (XRP), Bitcoin (BTC) and Ethereum (ETH) from the virtual currency handled by the Company from Wallet etc of another virtual currency exchange trade.”

Bitcoin Cash [BCH] Is Also Coming To VCTRADE Soon

In addition to the above stated news, VCTRADE has also announced that it would soon be incorporating Bitcoin Cash [BCH] onto its native platform offering. What this means is that in the coming future, customers will be allowed to make BCH deposits as soon as the system is configured optimally to support the top-10 altcoin.

Withdrawals To Go Live By 2019 On The Platform

Another announcement made by SBI earlier today was that it’s VCTRADE exchange platform would soon be integrating a full-fledged alt-coin withdrawal support module by the end of January, 2019.

In relation to the matter, a spokesperson for VCTRADE posted the following statement online:

“We plan to start sending this virtual currency sending service as soon as preparation is completed from late January 2019. Information on designated wallet (how to obtain, notes on use etc.) will be provided from time to time on the website of our company or our affiliated company.”


From those who may not be aware, VCTRADE is a relatively new cryptocurrency platform that has been designed by banking consortium ‘SBI Holdings’. The entity was launched earlier this year in June amidst a lot of hype that it was the first major exchange to start accepting Ripple’s XRP coin offering.

To elaborate further on the matter, upon its release, only people who had pre-registered for VCTRADE (during October 2017) were given permission to access the platform. However, just a couple of months later, the exchange started accepting public registrations as well. Not only that, following the amazing response that the platform was able to garner upon its release, VCTRADE went on to remove its upper age limit (70 years) registration criteria as well.

Final Take

Earlier this year, Yoshitaka Kitao, CEO of SBI Holdings, was quoted as saying that he wants VCTRADE to become the “best exchange in the industry”. Not only that, he also mentioned:

“When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear. We have to pursue safety thoroughly.”

Last but not least, it is also worth remembering that SBI Holdings recently launched its ‘Money Tap’ mobile app that has been designed to incorporate Ripple’s xCurrent protocol. For those not aware, xCurrent is a payment module that allows for fast/ streamlined bank-to-bank transfers across the globe.

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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