August 26 2019

Rakuten – Japanese Crypto Exchange 🥇

Japanese e-commerce giant Rakuten Group has launched its own cryptocurrency exchange, Rakuten Wallet.

The company informed that the crypto-asset spot trading service is available from August 19, through the Android mobile app. An iOS version will be released in September.

Initially, Rakuten Wallet will trade bitcoins (BTC), ether (ETH) and bitcoin-cache (BCH) against the Japanese yen. The service is available 24 hours a day, 365 days a year.

Rakuten Wallet separates the money deposited by customers (customer assets) from the company’s own funds by managing the assets in the trust accounts provided by the Rakuten Trust, the trust company of the Rakuten Group. The Rakuten Trust manages these trust assets through Rakuten Bank‘s savings accounts. To increase security, funds deposited by users will be in cold wallets in offline storage.

The absence of commissions for the purchase and sale of crypto should attract users who make frequent transactions. Today, the Rakuten Group is the largest e-commerce site in Japan and one of the largest online retailers in the world.

The optimistic foray into crypto is perhaps to be expected from the group that is already an online mall, credit card company, Japan’s largest online bank, and owns an actual baseball team.

With Rakuten riding the crypto wave in the East, and spreading integration worldwide, it can’t be too long until other giants follow suit.

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Posted 26.08.2019 by admin in category "Crypto World News