SBI Holdings has updated its plans to fully launch a cryptocurrency exchange. The company had planned to launch SBI Virtual Currencies in the autumn of 2017 and at the latest the beginning of 2018. But the plan was postponed following Coincheck’s hack and the trouble with its capital and business alliance agreement with China’s Huobi Group.
President and CEO Yoshitaka Kitao said at a press conference this week that the company is planning to officially start the crypto exchange business in the summer, the news outlet conveyed.
As for which cryptocurrencies will be supported when the full launch comes, Kitao said that it is assumed to be major virtual currencies,[including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), and ripple (XRP).
The company also emphasized the importance of building trust in the crypto community. To that effect, he recently assumed office as a director of the new self-regulating organization, the Japan Virtual Currency Exchange Association, which was recently established by 16 fully-licensed exchanges.