Ripple is the first traded currency on the upcoming SBI Holdings crypto exchange

SBI cryptocurrency exchange is expected to launch in July and the first digital currency traded will be Ripple. Both facts are confirmed by the official paper of the Japanese company, press tells. The initial exchange launch date was delayed due to additional post-Coincheck security measures.

For Ripple (exchange abbreviation XRP), this a big success, as there has not been many crypto exchanges (if any at all) starting the work from it. Furthermore, the exchange is backed by a serious fiat organization — in the world of traditional assets, SBI Holdings is cooperating with JPMorgan and other trustworthy establishments.

Interestingly, the exchange is already working for a limited number of customers, with only one cryptocurrency supported. To enter the list of these clients, one should have filed a pre-register application back in October 2017.

SBI Holdings (founded almost 20 years ago in 1999) is going to add Bitcoin Cash and Bitcoin, the exact addition date remains unknown at the press time. One can assume sooner or later, it will happen simply due to the customer demand.

The news may increase the reputation of Ripple as a company in the long term and possibly drive the price of altcoin up for a shorter period of time. One should not forget that this cryptocurrency has already demonstrated its volatile nature and, in general, be prepared for any turn of events when it comes to this market.

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