The Japanese financial giant SBI is Ripple’s partner since back in 2016. The company supports mass adoption with the crypto exchange that’s about to launch.
Their crypto exchange VCTRADE will be officially launching in March, but it’s important to note that deposits and withdrawals for Bitcoin, XRP, and Ethereum are already up and running.
The platform is currently preparing to enable trading.
Another important thing to note is that SBI CEO Yoshitaka Kitao made the announcement via Twitter, and he made sure to confirm that the exchange will also support Bitcoin Cash at launch.
Bringing XRP and more tokens to a huge user base
SBI revealed that they are expecting to welcome on board customers from their vast user base of 23 million people.
This is a huge number, and it will definitely be making a difference in the overall scenery of mass adoption.
After the bearish 2018, crypto experts have been claiming that 2019 will be the year of crypto mass adoption and more and more essential names in the space are making significant moves to support the goal.
“At the launch of full-scale services, expecting customer inflow from the SBI Group’s customer base of 23.47 million, specifically, SBI SECURITIES with approx. 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts, and SBI Liquidity Market, including SBI FXTRADE, with approx. 1.05 million accounts, etc.,” SBI notes.
VCTRADE exchange was supposed to enable crypto trading back in July 2018, but SBI delayed the scheduled launch due to a crush of the demand regarding the pre-registrations.
Ripple is planning to change the music industry
Another important news involving the San-Francisco based-company is that Ripple enters the music industry.
The company revealed that they are backing a startup which plans to shake the music industry using XRP.
The new company is reportedly called Raised in Space Enterprises, and it plans to act as an investment group that will focus on “guiding extraordinary founders in creating innovative solutions for the music industry, from inception to market adoption.”