SBI VC Trade Surpasses 2 Million Accounts as Japanese Firms Increase Crypto Holdings

SBI VC Trade, part of Japanese financial group SBI Holdings, has surpassed 2 million registered accounts as of July 6. The company notes that this growth is due in part to the integration of VCTRADE and BITPOINT accounts following the acquisition of BITPoint Japan in April.

The article states that business customer growth is linked to the depreciation of the Japanese yen, with many companies using SBI's enterprise service, 'SBIVC for Prime,' to allocate cryptocurrency assets and explore new approaches to fund management.

SBI stated that these companies purchase Bitcoin and XRP not primarily for short-term trading, but rather for shareholder reward programs. They incorporate cryptocurrency assets into shareholder incentive schemes, such as bonuses, dividends, or shareholder benefits.