SBI Holding of Japan Announces March 2019 Launch Date for VC Trade Crypto Exchange Opening

SBI Holdings has been working to prepare their cryptocurrency exchange to participate in trading virtual currency. CEO Yoshitaka Kitao announced that this service would be available in March 2019, approximately eight months after the exchange was originally launched.

Prior to now, withdrawals were restricted, and users only had the option of using a “designated wallet,” as described by the company. This storage option was mostly used to comply with the AML regulations, and to prevent money laundering or terrorist financing to occur. Though the damage has been done more frequently in the traditional finance world, the cryptocurrency industry still has a reputation for succumbing to these problems.

As the new trading exchange opens, users will be able to trade XRP, Bitcoin (BTC), Ethereum (ETH), and potentially Bitcoin Cash. As of September 30th, the platform was in possession of 176 million yen in revenue, which is approximately $1.584 million. Considering the partnerships that SBI has formed already with Ripple, R3, and other major crypto companies, it looks like SBI is preparing to become a global leader in both crypto and payments.

The CEO appears to be working to establish this dream as a reality before the Osaka Expo 2025. If he can, the investors would gain more information on the way that blockchain technology and cryptocurrency could revolutionize the payments/remittance industry in a combined effort.

Some Redditors have already taken to discussing this matter on the social media platform, eagerly awaiting the projected launch dates that SBI has offered. One Redditor, @Hodlandwait, said,

“I love it. I’m easily happy to wait 5 years for a $10 price point. When I got in to this game years ago with such little, I was hoping for $50 or $100 thinking this was going to be the biggest explosion. The bear and boom and then the bear of last year has allowed so many people to accumulate that $10 takes many of this community into the f[***]tonnes of money camp.”

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[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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