The first bank-owned crypto exchange plans to expand its services from retail traders to institutional investors.
Japan-based SBI Holdings initially geared its exchange VCTRADE towards retail traders, allowing people to deal in four cryptocurrencies, including XRP, Bitcoin, Bitcoin Cash and Ether. The exchange is scheduled to delist Bitcoin Cash in June.
This week, however, an SBIVC spokesperson told Cointelegraph that the exchange plans to expand its focus.
“SBIVC currently offers services only for retail customers. After AML/CFT and custody solutions that we are planning to implement are finalized, we would like to move forward and start providing services to institutional investors.