SBI crypto opens new mining pool services for individuals and institutions after a limited release earlier this year so let’s find out more in our latest cryptocurrency news today.
The Japanese subsidiary of SBI Holdings, SBI Crypto, opens a new mining pool service for both individuals and institutions according to a press release today. The company said:
“While many of the developed features target institutional customers, the service is also available to individual customers as well.”
Starting on Friday, the users can gain more access to the mining pool services by requesting an account while all access will be open for all without having to request one starting next month as per the press release. Ranked 11th, the SBI mining pool is generating a hash power of around 1.1 exa hashes per second with the company having started self-mining digital assets in overseas mining farms since 2017.
As recently reported, The bond between Ripple and SBI is now stronger than ever with the crypto exchange providing crypto lending offerings to XRP. SBI even launched a crypto lending option for BTC late last year for customers that owned SBI VC Trade that is a part of the lending offer. Today, the lending service was also rolled out to XRP customers that will be able to earn interest on deposits of XRP 100,000 as per the official release.
The Japanese giant SBI started offering these new services while most major exchanges across the world delisted the token because of the issues with the SEC. SBI Supremo Yoshitaka Kitao who is a member of the Ripple board drew attention to the fact that regulators in Japan don’t consider XRP to be a security and he hopes that this will help the cause that ripple fights for. The American and Japanese companies that co-run the SBI Ripple Asia payments network handed out tokens to their shareholders and the new exchange customers.
Also, SBI and SMFG partnered in the past to offer digital banking services via smartphone. SBI is known for the positive stance on crypto as well as Ripple which is a fintech company that faces plenty of lawsuits for alleged violations of securities laws. The SBI Group takes over the TaoTao exchange after it finished negotiating with Binance. TaoTao explained how SBI Group takes over and the change in shareholders with Yahoo Japan’s shares.
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