Japanese Giant SBI Leads the Way with Crypto Growth and USDC Listing Plans
In today’s news article, Coinmooner wants to share how the Japanese giant in the securities sector, SBI, has reported record profits related to cryptocurrencies and revealed plans to become the first company to list USD Coin (USDC) in Japan. These events highlight the importance of the cryptocurrency sector and the implementation of new technologies in the global economy. SBI is expanding its operations and has become a key player in Japan’s cryptocurrency and blockchain market.
Founded in 1999, SBI has significantly expanded its operations in recent years, actively integrating blockchain technologies and cryptocurrencies into various aspects of its business. Its assets include the cryptocurrency exchanges SBI VC Trade and BITPoint and the crypto mining firm SBI Crypto. SBI also owns the British market maker and liquidity provider B2C2 and the Tokyo-based blockchain company HashHub. This diverse range of assets enables the company to stay on top of the latest technologies and respond quickly to changes in the cryptocurrency market.
It’s important to note that thanks to the "vibrant" cryptocurrency markets, which, according to the company’s representatives, contributed to growth on the crypto exchange platforms, SBI is showing impressive financial results. Specifically, the number of registered accounts on SBI VC Trade and BITPointplatforms increased by 15.3% compared to the previous quarter. This indicates growing interest from private investors and large financial institutions in cryptocurrencies and new financial products.
SBI Continues Crypto Dominance with Record Profits and USDC Listing Initiative
The company predicts that the combined revenue from its SBI VC Trade and BITPoint Japan platforms will exceed 600 billion yen (around 3.96 million USD) in the current quarter. This result was made possible by expanding the user base and increasing trading volumes, which is particularly noticeable as the cryptocurrency market stabilizes. The introduction of new products, such as stablecoin trading, and strengthening the company’s position in the blockchain ecosystem play an essential role in achieving these high financial results.
One of the most significant steps for the company has been announcing plans to become the first business in Japan to list USD Coin (USDC). This stablecoin is widely used for international payments. It has become an essential part of financial technologies, as it offers the stability of fiat currencies but also has the advantages of cryptocurrencies, such as fast transfers and global accessibility. This decision also opens new opportunities for digital assets in the Japanese market and could stimulate further development of the cryptocurrency ecosystem.
Coinmooner reminds everyone that in the Web3 industry, it is crucial to use the most advanced security methods to protect digital assets and user data. Given the growing interest in cryptocurrencies and new solutions such as the listing of USD Coin in Japan, it is necessary to continuously update and strengthen security measures to prevent cyberattacks and data leaks. In the rapidly developing market, data protection and adherence to security standards remain top priorities for all participants in the cryptocurrency ecosystem.
