Japan: Major Finance Firm SBI Opens Its Crypto Exchange to Traders
After considerable delays, SBI Holdings has finally begun accepting account registrations for its new cryptocurrency exchange VCTRADE.
The move came after several months of delays as SBI conformed with regulatory demands for tightened security.
“Account opening is available for individuals from 20 to 70 years old residing in Japan,” a brief notice confirmed, adding that “applications for setting up accounts from corporate customers are not currently accepted.”
Having appeared to meet the stringent security prerequisites for the cryptocurrency exchanges serving the domestic market, SBI now has an advantage over other actors in an increasingly crowded arena.