Cryptocurrency | Japan First Ever Cryptocurrency Exchange Run by a Bank
Another Good News For Crypto Lovers in Japan! A bank Named " SBI Simushin Net Bank" has Become First ever bank to to launch cryptocurrency Exchange.
This is what the Company has to say:
“To handle virtual currencies, we are first planning to handle XRP and then expand it to Bitcoin (BTC) and Bitcoin Cash (BCH), respectively. In addition to this, we have the industry’s lowest spread, as well as the world’s best low-latency trading environment using the matching engine of the leading US stock exchange NASDAQ,”
Here is All you need to Know About it:
This Japanese Bank has Started this service with the Name of "VCTrade".
Bank Would also provide Wallet services and Free transactions for Its Customers
Initially this service was only available for 20000 customers in 2017.
But now It will be Operational in Public from July 2018.
First Cryptocurrency Available on this Platform will be XRP , Following with bitcoin and then Bitcoin Cash.
Experts Believes that such initiatives Would help to regain trust of the japanese public in Cryptocurrency.
This is not the First venture Started by the SBI bank, It is already providing Payment Cards for Cryptocurrencies with the Name of 'Wirex'
This Is no doubt A Remarkable Initiative By japanese Bank. As We all know Japan is known to be a Tech Loving Country for decades. And With Such Ventures It would Encourage Other banks all around the world to accept Cryptocurrency.
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