Image default
News Press Release

Japan’s SBI confirms their plans to bring back an updated crypto exchange.


Japan’s SBI has disclosed their intended actions pertaining to the cryptocurrency exchange. The organization finalized a launch date and has notified the media that preparations for Crypto listing are on full swing. The Chief Executive Officer of the organization believes that the new exchange will turn out to be the best of the lot in no time.

The SBI Holdings of Japan has confirmed its plans to introduce an updated crypto exchange. Previously, the company stated its plan to introduce SBI Virtual Currencies in 2017 and latest by early 2018. The plans had to get postponed for the illegalities that was discovered in the sector which included Coincheck’s hack and the disagreement with China’s Huobi group. This unavoidable crisis made the company postpone the launch even though it had received the legal certification from FSA.

The Chief  Executive Officer of SBI Virtual Currencies stated at a press conference that the finalized schedule of the launch is in summer, 2018. The exchange is renovating itself and introducing proper framework for smooth conduction of the business. For the time being, the exchange is providing limited service to a selected number of customers since January, 2018.

As per reports, the exchange is going to deal with Bitcoin, Bitcoin Cash, Ethereum and Ripple. A statement by Kitao declared, “When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear [the workload]”.

According to the officials, what sets SBI apart from the other exchanges is their intent to keep their industry minimal. The CEO stated, “Given that the SBIFX trading spread of the group’s FX company is at the industry’s narrowest level, this is to be expected”.

The SBI wants to stand influential in the crypto sector and build a foundation based on trust, secured service and customer satisfaction. Hence, they are working towards their goal and hopefully, they will stand true to their assurance of being number one in no time.


Related posts

Petro accepted by International experts, say Venezuela’s authorities

Mayank Prakash

Crypto’s taxation update.

CP Team

Founders of Ethereum and ConsenSys appointed in the Board of Directors of Crypto Startup ErisX

CP Team

Leave a Comment