ripple xrp

SBI’s XRP-Centric VCTRADE Exchange Swamped By New Account Applications

SBI Holdings’ VCTRADE is the first crypto-exchange that is fully owned by a bank. It opened new registrations to the public on the 18th of July – almost 10 months after it accepted early registrations in October 2017. VCTRADE has been known in the crypto-community as being centered around XRP (XRP).

The CEO of SBI Holdings, Yoshitaka Kitao, is confident that the platform will be number one in terms of trade volume, security measures and user experience. He is quoted as saying:

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 We have to pursue safety thoroughly.

It is with this background that it is no surprise that XRP fans on twitter have noted that the exchange has issued a notice on its site about a delay when opening new accounts. This new delay is due to the fact that VCTRADE has been receiving a high number of new registrations.

The notice that was highlighted by twitter user @BankXRP states that (translated by google):

We are making progress as early as possible so that we can proceed smoothly at our company, but for the time being we will receive an application more than we expected, it may take longer to process than usual. We appreciate your understanding in advance.

The full tweet can be found below:

This observation by @BankXRP is somewhat expected given that XRP has a huge following around the globe and Japan. The XRP fans in Japan are eager to use the new trading platform. A while back, it was noted that the country has over 3 Million active crypto traders with XRP amongst the highly sort after digital asset for investment purposes as well as for use for payments.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

Leave a Reply