Japan’s Rakuten launches Bitcoin, Ethereum and Bitcoin Cash spot trading

Rakuten Wallet launches after a five-month delay.
Android and iOS versions to be released soon.

John Isige FXStreet

One of the leading retail companies in Japan has launched its own cryptocurrency exchange. The launch was made public in a press release on Monday. The exchange referred to Rakuten Wallet will operate as a subsidiary of the parent company Rakuten.

According to the press release, Rakuten Wallet is offering spot trading for the cryptocurrencies – Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). The platform plans to have trading services available for both iOS and Android versions.

“Customers who already have a bank account with Rakuten Bank will be able to easily open a Rakuten Wallet account simply by entering the required information on the online application form,” stated in the press release.

Rakuten Wallet launches after the parent company bought Everybody’s Bitcoin back in August 2018 for a total of $2.4 million. The exchange had been slated for launch in April this year but stalled.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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