Rakuten Wallet Announces Preparation for Leveraged Trading

Must Read

Germany’s Second Largest Stock Exchange Lists The First Short Bitcoin ETP

21 Shares Short Bitcoin ETP is now enlisted in Germany's second-largest stock exchange Boerse Stuttgart. The CEO of...

Tron Will Support WARRENCOIN, Justin Sun Insists

Warren Buffet has been a long-time critic of the cryptocurrency. Justin Sun bid $4.57 million in a charity auction...

Tron (TRX) Price Analysis: CEO Justin Sun Trying To Bring Back Bulls For Downtrending TRX 

Tron(TRX) is again on a downtrend in today’s market with an overall loss of -4.56%.  However, CEO Justin...
0 (2)
Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.

Rakuten Wallet Announces Preparation for Leveraged Trading

  • Rakuten Wallet President Tatsuya Yamada announced on the 28th, preparations for leveraged trading are being made.
  • They believe it is important to first understand their customers’ needs and preferences.
  • Rakuten Wallet currently deals with physical transactions only.

Rakuten Wallet President Tatsuya Yamada announced on the 28th preparations for leveraged trading are being made. Rakuten Wallet currently deals with physical transactions only. Rakuten Wallet, Inc., is a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business. The assets they handle are Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

A study session was held on the 28th where President Yamada announced,

“We are preparing because we know that FX customers have a need for virtual currency leverage trading.”

They believe it is important to first understand their customers’ needs and preferences before they can go ahead and link virtual currency and Rakuten points.

Commenting on Rakuten’s wallet business, he said,

“We are exploring possibilities in the payment field, not a virtual currency as a speculative thing. The group has a payment business, so we are discussing how to use virtual currency there.”

The organization, in the past known as “everyone’s bitcoin Inc.,” changed its name to “Rakuten Wallet, Inc.” on March 1, 2019. Rakuten Wallet began tolerating applications for accounts on April 15, 2019, for it’s a crypto resource (virtual money) exchanging administration and began offering crypto resource (virtual cash) spot exchanging administrations on August 19, 2019.

Clients can make exchanges for crypto resource exchanging accounts, for example, keeping/pulling back Japanese yen and saving/pulling back crypto resources, 24 hours per day, 365 days every year.

Cash kept by clients is overseen independently from Rakuten Wallet’s very own assets in a Rakuten Trust Co., Ltd. trust account. Crypto resources possessed by Rakuten Wallet and clients are physically isolated and overseen, and cryptographic resources claimed by clients are made do with cold wallets.

Another security measure is the two-step authentication that has been adopted to prevent unauthorized use. Two-step authentication is required when logging in, withdrawing money and withdrawing assets.

Hot News

Germany’s Second Largest Stock Exchange Lists The First Short Bitcoin ETP

21 Shares Short Bitcoin ETP is now enlisted in Germany's second-largest stock exchange Boerse Stuttgart. The CEO of 21 Shares addressed that this...

Tron Will Support WARRENCOIN, Justin Sun Insists

Warren Buffet has been a long-time critic of the cryptocurrency. Justin Sun bid $4.57 million in a charity auction to just have a meal...

Tron (TRX) Price Analysis: CEO Justin Sun Trying To Bring Back Bulls For Downtrending TRX 

Tron(TRX) is again on a downtrend in today’s market with an overall loss of -4.56%.  However, CEO Justin Sun is making continuous efforts...

Stellar Featuring An Upgraded Version Of Horizon: Horizon 1.0

Horizon announces Horizon 1.0, the upgraded version of Horizon. Horizon 1.0 consists of the developer-friendly ecosystem and allows user configuration. Horizon 1.0...

Perth Glory Is Still With Sage, Not Selling To Bitcoin Company

Perth Glory is an Australian professional football club based in Perth, Western Australia. Tony Sage was in talks with the London Football Exchange...

VeChain (VET) Price Analysis: A Downtrending Altcoin With Strong Future Projections 

VeChain is on downshift with -5.9% overall loss.  However, the community is planning and taking steps for its mass adoption in the crypto...

Tron Will Support WARRENCOIN, Justin Sun Insists

Warren Buffet has been a long-time critic of the cryptocurrency. Justin Sun bid $4.57 million in a charity auction to just have a meal...

Tron (TRX) Price Analysis: CEO Justin Sun Trying To Bring Back Bulls For Downtrending TRX 

Tron(TRX) is again on a downtrend in today’s market with an overall loss of -4.56%.  However, CEO Justin Sun is making continuous efforts...

Stellar Featuring An Upgraded Version Of Horizon: Horizon 1.0

Horizon announces Horizon 1.0, the upgraded version of Horizon. Horizon 1.0 consists of the developer-friendly ecosystem and allows user configuration. Horizon 1.0...

Perth Glory Is Still With Sage, Not Selling To Bitcoin Company

Perth Glory is an Australian professional football club based in Perth, Western Australia. Tony Sage was in talks with the London Football Exchange...

RELATED NEWS

Germany’s Second Largest Stock Exchange Lists The First Short...

21 Shares Short Bitcoin ETP is now enlisted in Germany's second-largest stock exchange...

Tron Will Support WARRENCOIN, Justin Sun Insists

Warren Buffet has been a long-time critic of the cryptocurrency. Justin Sun bid $4.57...

Tron (TRX) Price Analysis: CEO Justin Sun Trying To...

Tron(TRX) is again on a downtrend in today’s market with an overall loss...