Japan's Largest Financial Institution Launches Crypto Exchange

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Japan's financial services company SBI Holdings has rolled out its own cryptocurrency exchange called VCTRADE Pro. The new exchange is backed by the Japanese Financial Service Agency (FSA). Initially, the exchange would support only a few trading pairs: XRP/JPY, BTC/JPY, ETH/JPY. However, the exchange confirmed it will continue to expand its listing in the future. Earlier iHodl reported that SBI Holdings invested in crypto-focused digital wallet Breadwinner AG (BRD). Moreover, back in March, SBI Holdings established the division SBI Mining Chip Co. (SBIMC), which will make crypto mining chips.