SBI Holdings, Inc., which manages comprehensive financial services in Japan, supports cryptocurrency trading.
SBI Holdings, Inc., is the first company to bring a crypto CFD trading service to the country through SBI FX Trade platform. The company further states in its notification that it deals with three cryptocurrencies, namely BTC, XRP and ETH.
Investors will be able to trade each of them in pairs with the Japanese yen and also with the US dollar. Minimum orders are limited to 0.0001BTC and the maximum open position can be up to 500 BTC. Additional interesting facts include the fact that this service is the first in Japan when CFD transactions with crypto assets are processed by a specialized company on FX.
CFD trading is defined as ‘the buying and selling of CFDs’, with ‘CFD’ meaning ‘contract for difference’. CFDs are a derivative product because they enable you to speculate on financial markets such as shares, crypto, forex, indices and commodities without having to take ownership of the underlying assets.
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