Japanese financial giant, SBI Holdings, has announced that it will launch crypto-based contract-for-difference (CFD) trading on 31 August. A total of 6 new trading pairs will be available for CFD trading, including BTC, XRP, and ETH, and they can be traded against Japanese Yen and the United States Dollar (USD).
28 August 2020 | AtoZ Markets – SBI Holdings is a financial services company. Established on 8 July 1999, it is headquartered in Tokyo. It provides information on financial products such as securities brokerage, banking services, life insurance, non-life insurance, and related services.
SBI Holdings Will Lists CFDs Trading of 3 Crypto Assets
SBI Holdings is preparing to start CFDs trading for major cryptocurrencies such as Bitcoin, XRP, and Ether. These can be traded 24 hours a day throughout the year. The service will be available on both the web and mobile interfaces of the platform.
The new CFDs trading will be available on SBI FX Trade, on 31 August. SBI FX Trade is an FX trading subsidiary of SBI Holdings. The platform said that it would accept new account registration immediately. The platform will offer six new trading pairs. They are as follows:
SBI Holdings noted, “For each cryptocurrency, there are stocks against the yen and the first financial products trader to handle the stock against the US dollar, so you can trade a total of 6 stocks.” The company is the first Japanese FX exchange to handle CFD trading of digital assets. It makes a good impression for the entire cryptocurrency ecosystem.
The platform also sets its minimum order limit of 0.0001BTC, 1XRP, 0.001ETH, and ¥60 for BTC, ¥15 for ETH, ¥20 for XRP. The maximum open position will be 500 BTC, 10,000,000 XRP, 10,000 ETH. Traders will receive twice the leverage, with limited margin trading in crypto markets.
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