RATE Group | Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange
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Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange

19 Aug Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange

Posted at 09:38h in Cryptocurrency News by

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Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin.

 

Three trading pairs go live

Confirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live. 

In future, developers plan to release an app for iOS and Android, use of which will be mandatory for deposits and withdrawals. 

“Customers who already have a bank account with Rakuten Bank will be able to easily open a Rakuten Wallet account simply by entering the required information on the online application form,” the press release added.

Rakuten acquired Everybody’s Bitcoin in August 2018 for a sum of $2.4 million. Executives had originally announced the impending launch in April this year, but progress appeared to stall. 

 

Japan’s cryptocurrency ecosystem…

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