Cryptocurrency exchange SBI VC Trade listed XDC (XDC) for the first time in Japan

XDC domestic listing for the first time

SBI VC Trade Co., Ltd., which operates a crypto asset (virtual currency) exchange business in the SBI Group, announced on the 31st that it will start handling “XDC (XDC)” for the first time in Japan.

Along with this, a special site for XDC has been released.

Including “Oasis (OAS)”, which was recently added, SBI VC Trade handles a total of 17 crypto assets.

XDC supports spot trading at the sales office (board trading is not supported), accumulation service, coin lending service, and also plans to start handling and staking services at B2C2, a major market maker.

On May 11, 2011, SBI VC Trade signed a partnership agreement with XDC Network for the first time as a Japanese company.

Source: XDC special site (SBI VC Trade)

As for the future prospects, starting with the opening of XDC’s Japan office, the company plans to expand use cases in Japan and seek partnerships with SBI group companies.

What is XDC

XDC Network is a layer 1 blockchain specialized for enterprises such as companies and financial institutions with the aim of improving the efficiency of trade finance, which is said to be worth 2,000 trillion yen annually.

With a transaction processing capacity of more than 2,000 transactions per second and transaction fees as low as $0.00001, it is expected to be used for trade finance, supply chain management, cross-border payments, etc.

The consensus algorithm introduces an original improvement of “DPoS (Delegated Proof of Stake)” that allocates “voting rights” for selecting approvers according to the amount of tokens held. DPoS can improve the scalability of the network by centralizing the power of block generation to delegates.

connection:Game specialized chain Oasys (OAS) to be listed on SBI VC Trade

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