SBI Holdings Crypto Exchange: When a company launches a new initiative or product, excitement tends to follow and the news often circulates around the market, attracting the eye of different people. Even so, today's buzz, caused by SBI Holdings- a Japanese finance behemoth, is a different story. On Monday, news broke of SBI Holdings launching a crypto exchange. Sure, there are tons of crypto exchanges out there, but how many mainstream financial institutions have launched one? The answer is one, and that institution is none other than SBI Holdings.
Crypto News | SBI Holdings Crypto Exchange
On Monday, the SBI Holdings crypto exchange launch was confirmed. Now, this is important crypto news for two reasons, in particular. First, SBI Holdings is the first mainstream financial company to roll out a virtual currency exchange. Second, SBI Holdings revealed its intention to launch a crypto exchange back in 2016. So, needless to say, the launch of the SBI Holdings crypto exchange has been a long time coming. Following the news, the SBI Holdings stock soared. The stock was last seen trading up nearly 5%.
Right now, we know a few details regarding the SBI Holdings crypto exchange, but there are likely to be additions and changes made in the forthcoming weeks. Here's what we know for sure, though:
The exchange is called the VCTRADE exchange
VCTRADE went live today
If you registered for the crypto exchange in October 2017, you will be accepted today
The SBI Holdings crypto exchange will initially focus on trading Ripple (XRP)
At a later time, coins like Bitcoin Cash and Bitcoin will be listed
A wider audience will be eligible to use the exchange next month.
The Crypto Community Reacts
>>Bears Accuse Roger Ver of Trying to Manipulate Bitcoin Cash PriceMany were pleased with the crypto news. Which makes sense, considering we've already determined the importance of the SBI Holdings crypto exchange. The crypto community took to social media to express their optimism. Here are a few tweets that stuck out:
What do you think of the news? Was it a smart move for SBI Holdings to transition into crypto? Is the virus spreading like so many are claiming? 🚀Featured Image: Twitter
One of the major reasons behind the rapid development of the cryptocurrency space is the presence of crypto exchanges, and Coinbase is one of the most influential exchanges in the world. On Wednesday, the company …
Crypto exchanges have made it easier for millions of people to trade in cryptos, but they have also been found to be vulnerable to attacks, and today, two crypto exchanges, Bitfinex and OKEx, reported Distributed Denial-of-Service … Read
Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target. Here’s what you need to …
Theft has been a problem in all of history, but the digital age brings new challenges. While digital currency has several advantages over cash, it comes with some unique risks, like hacking and online fraud. …
If you’re like many, you’ve probably heard a lot about cryptocurrency in the past few years. It grows in popularity every day, and for businesses, it could save them money. When deciding if cryptocurrency will …
Bitcoin is one of the most popular cryptocurrencies out there, and it continues growing each year. The digital currency world has become popular for online transactions and enhanced security. However, some remain skeptical. Goldman Sachs …