RATE Group | Rakuten Wallet to Facilitate Spot Trading Services for Cryptocurrencies
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Rakuten Wallet to Facilitate Spot Trading Services for Cryptocurrencies

Rakuten Wallet to Facilitate Spot Trading Services for Cryptocurrencies

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Rakuten Crypto Services

Rakuten Wallet – a subsidiary of the Japanese conglomerate Rakuten Group – announced in an official press release that the company is moving a step further to the crypto market with a new spot trading services for cryptocurrency assets.

The service will allow users to trade cryptocurrencies through a dedicated smartphone app developed by the firm. The application will be first launched for Android devices and the iOS version of the application will be released later on this year. Rakuten Wallet Inc. is aiming to ease the process of crypto trading with these new exchange services. Rakuten Wallet will provide trading services for three cryptocurrencies: Bitcoin(BTC)trade, Ethereum (ETH)trade and Bitcoin Cash (BCH).

Furthermore, the company is planning to hold the customers’ fund separately from the company’s account. As mentioned in the press release, the funds will be stored in trust accounts of Rakuten Trust the financial trust company of Rakuten Group. The funds will be…

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