SBI VC Trade Hits 2M Users, Institutional Adoption Booms with BTC and XRP

SBI VC Trade, Japan's leading crypto exchange, has reached a significant milestone of 2 million registered accounts. This achievement comes as the platform continues to improve its services, offering convenience to customers through stablecoin handling and electronic payment methods.

The surge in user accounts is also attributed to increased institutional adoption, particularly with Bitcoin and XRP. These two largest cryptocurrencies by market cap are being used by companies as an alternative to traditional means of dividend and reward payments due to the yen's weakness.

SBI VC Trade has noted that it is the leader in staking service provision, offering clients additional revenue generation opportunities through staking services.