The XRP community was excited when the eagerly awaited VCTRADE by the SBI Holdings company, opened new account registrations on July 17th this year, for users who did not participate in the pre-registration process back in October last year. This event was monumental for XRP due to the fact that the exchange – through SBI Holdings – had been planning on bringing the digital asset to the spotlight of crypto trading and investing in not only Japan, but the entire world.
Unbeknownst to many, is that the exchange had initially only made new account registration available to individuals from the ages of 20 to 70 years old residing in Japan. The full announcement on the 17th of July stated the following:
Thank you very much for giving us your expectations for the start of service by many customers. Starting accepting applications for opening new accounts of our virtual currency exchange service (VCTRADE) from today.
* Account opening is available for individuals from 20 to 70 years old residing in Japan. Applications for establishing accounts from corporate customers are not currently accepted.
From now on, VCTRADE thank you.
VCTRADE has since amended this age requirement to include Japanese residents who are above the age of 70. The new announcement that was made on today, August 9th, stated the following: