Japanese SBI Group Opens More Cryptocurrency Businesses As BTCChaina halts Trade

SBI holdings based in Japan has announced its intention to launch multiple new businesses based on customers centered cryptocurrencies. The Japanese SPI group is concurrently working on eight different businesses which include cryptocurrency mining and hedge fund management.

In a presentation made by SBI group president and CEO Yoshitaka Kitao, the group plans to stabilize the cryptocurrency market through mining and also by providing new cryptocurrency trading opportunities for investors through the management of crypto hedge fund.




Prio to the SBI announcement of its plans, in a post published on cointelegraph, a new cryptocurrency exchange platform ZB.com disclosed that trading activities on its platform will commence on 1st of November 2017, although users can register and make deposits now. ZB.com claims that its platform will be open to users in China including those all over the world.

These two developments are most likely to harness the price of bitcoin and ethereum if they eventually succeed with their plans. However, this is another reason for one to assume that the future of bitcoin and other cryptocyrrencies is on the high.
Japanese SBI Group Opens More Cryptocurrency Businesses As BTCChaina halts Trade Japanese SBI Group Opens More Cryptocurrency Businesses As BTCChaina halts Trade Reviewed by sidex Jay on October 29, 2017 Rating: 5

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