SBI Holdings

After a month’s delay, SBI Holdings has now formally opened the world’s first bank to be backed entirely by cryptocurrency. The new trading platform is called VCTRADE and will be open to…

"VCTRADE" is only available for the 20,000 people who signed up during the pre-registration period in October 2017. The platform will start accepting public applications in July 2018.

SBI Holdings released a statement on Friday which stating that it won't need Huobi's help in developing exchanges, as it will use internal resources.

SBI Holdings had already been looking at ways to use cryptocurrencies "for the further development of products and services, and to secure market liquidity", as reported in their official…