SBI Holdings officially announced the launch of its native crypto asset exchange, VCTrade Pro. Service on the new market opens this July 31. As Cryptovest previously reported, the launch was expected at some point in the summer. The exchange is fully approved by the Japanese Financial Services Agency.
The decision on the part of a big financial conglomerate to launch a cryptocurrency exchange shows that the idea remains strong on the Japanese market. Despite setbacks, such as volatility and exchange hacks, Japan remains a hotspot for cryptocurrency activity.