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Cryptocurrency News

SBI Holdings launches Crypto CFDs

  • SBI Holdings announced that they will be releasing crypto contracts for difference (CFDs)
  • The first time CFD's have been introduced in Japan.
  • Assets that are available to trade are BTC, ETH and XRP

SBI Holdings

The Japanese financial giant that historically expressed their backing to XRP and Ripple has been quiet for some time in regards to the crypto-space. In 2017, they became a partner with Ripple to offer remittance-based services, which has not been heard of consistently in the past year.

SBI Virtual Currencies

The exchange that was previously launched after the Ripple partnership for remittances that initially only had XRP on it, witnessed some traction at launch. However, it has been over a year since any sort of news about that platform has emerged. Which seems to be that the initial traction was not sustained as planned and hence the following announcement was made.

Contracts for Difference

After a long period of quietness, SBI Holdings announced that they will be releasing crypto contracts for difference (CFDs), the first time these have been introduced in Japan. These will be available to trade via their FX platform and will be limited to 2x leverage. The three crypto-assets that are available to trade are BTC, ETH and XRP, with a minimum order going as low fo 15 yen for XRP (=~1XRP).

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