SBI Holdings’ cryptocurrency exchange is now live for a limited number of customers and with one cryptocurrency supported so far. Starting today, the mega corporation’s crypto spot trading service is available for approximately 20,000 users. Its full crypto exchange launch for the general public is set for next month with two additional cryptocurrencies.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
SBI Exchange Partially Launched
SBI Holdings announced on Monday, June 4, that its wholly-owned subsidiary, SBI Virtual Currencies, has launched a cryptocurrency exchange service called Vctrade. “We have officially announced the availability of the virtual currency exchange service ‘Vctrade’,” the company wrote.
Vctrade is currently available only to users who pre-registered in October last year. “We began mailing passwords etc. necessary for transactions to more than 20,000 customers who had applied to open accounts in advance…We [will] accept applications for general account opening in July,” Nikkei elaborated.
According to Itmedia, the “Applications for general account opening will be accepted from July 18.”
While claiming to have “the industry’s lowest spread,” SBI confirmed:
As [for] the virtual currencies handled, first of all, we deal with XRP, [then] sequentially, bitcoin (BTC), [and] bitcoin cash (BCH).
According to Business Insider Japan, “BTC and BCH will start trading” by the July launch.
Service Details
At present, the only currency pair listed on the exchange’s website is XRP/JPY for spot trading. 
There is no transaction fee and settlement is made in Japanese yen. The withdrawal free, tax included, is 51 yen for any amounts withdrawn to SBI Sumishin Net Bank, an Internet bank jointly established by SBI Holdings and Sumitomo Mitsui Trust Bank. For withdrawals to all other financial institutions, the fee, including tax, is 165 yen for any
