Ripple Partner SBI Launches Physical Virtual Currency Exchange “VCTRADE Pro” With BTC, ETH, & XRP
- XRP / JPY, BTC / JPY, and ETH / JPY are the only trading pairs
- The platform charges zero maker or taker fee
- VCTRADE Pro is powered by Nasdaq Matching Engine & TradingView for the advanced function chart
With this new service, one can check their position, trade with a limit order, and capture the flow of the market share more “dynamically and sensibly.”
One of the features of this service is zero transaction fee, no fee for maker or taker. Additionally, it has a transaction monitoring system so that customers can trade with confidence by monitoring fraudulent transactions.
Moreover, its designated market maker (MM) “always” supplies liquidity to provide trading opportunities continuously.
Ripple & XRP Community Is Excited
Currently, only the top three digital currencies are available for trading on the platform against the fiat currency JPY.
XRP / JPY, BTC / JPY, and ETH / JPY are the trading pairs mentioned on the official website.
XRP community is excited as SBI Holdings is a key Ripple partner, whose smartphone app Moneytap is also powered by xCurrent and is further planning on using xRapid that leverages the digital currency XRP.
“The potential implications of this announcement are huge in terms of utility and go far beyond price movements. This moment has been delayed since Sept 2017,”
states XRP Research Center on Twitter.
VCTRADE Pro is powered by Nasdaq Matching Engine & TradingView for the advanced function chart
When it comes to interface, they have come up with a dark screen for good visibility along with charts, boards, trades, and ordering boards. In the future, more features will be added to the platform.
VCTRADE Pro is powered by Nasdaq Matching Engine which has “unparalleled processing power.” Even at the time of market boom, it enabled the platform to achieve stress free ad smooth trading without losing the timing of trading.
For the advanced function chart, they have adopted TradingView to allow users to exchange ideas with other traders from all over the world and “create a forecast that has never been seen before.”
To use the platform, there is a three step process that involves e-mail address registration, submission of identification information documents, and finally receive postcards for transaction password.