World's first bank-backed crypto exchange opens in Japan

posted over 1 year ago
The world's first bank-backed cryptocurrency exchange is now open to the public. SBI Holdings said the service is now fully open for users aged from 20–70 who reside in Japan. The exchange, dubbed VCTRADE, supports yen-based trading pairs for Bitcoin.

Today's public launch comes nearly two years after SBI Holdings first announced it would build the exchange in October 2016, with the platform receiving an operating license from Japan's financial watchdog, the Financial Services Agency, late last year. The firm has said it has been working to raise levels of internal security to prior to launch.
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