Rakuten Launches Crypto Trading Platform with 3 Listings

20 Août, 2019, 06:54 | Auteur: Auguste Feret
  • Rakuten Launches Crypto Trading Platform with 3 Listings

The exchange, launched under the company's Rakuten Wallet Inc. division, launches with spot trading for three cryptocurrencies - bitcoin, Ethereum and Bitcoin Cash via mobile app. The firm is a subsidiary of Rakuten Group, an e-commerce giant based in Japan.

Rakuten, the largest e-commerce company in Japan which serves well over 1.2 billion individuals globally with its e-commerce and payments services, has officially launched a cryptocurrency exchange.

As for the iOS version of the app, the company plans to make an announcement about its release in early September.

Ratuken's press release says that Ratuken Wallet "separates money deposited by customers (customer assets) from the company's own funds, managing the assets (trust maintenance) in trust accounts provided by Rakuten Trust Co., Ltd., the trust company of Rakuten Group".

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"The app also features many useful functions that allow customers to effectively manage their crypto assets, such as confirmation of assets deposited in Rakuten Wallet, the purchase and sale of crypto assets, and real-time chart rate confirmation". It has also adopted two-step authentication to prevent unauthorized use. Importantly, there are no fees for opening an account, purchasing or selling crypto assets, or depositing money.

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Notably, at least at launch, trades on the service are free as well making it an appealing offering even if it only supports three cryptocurrencies at launch.

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