What SBI Virtual Currencies does

SBI VC Trade Co., Ltd. is a Japanese-registered cryptocurrency and electronic payment instruments exchange operator and a wholly-owned subsidiary of SBI Holdings Co., Ltd., which is listed on the Tokyo Stock Exchange Prime Market. The company operates the VCTRADE platform and, following a 2026 service integration, also incorporates the BITPOINT service, providing Japanese retail, corporate, and high-net-worth investors with spot trading via both OTC sales desk and order-book exchange, leveraged CFD trading (up to 2x for individuals and 10x for corporates), automated dollar-cost averaging ("tsumitate") starting at 500 JPY, crypto lending ("loan coin"), staking across 17 supported coins (claimed domestic maximum), a Web3 wallet with NFT support, and the SBI Mits event platform. The exchange lists 42 crypto assets and electronic payment instruments including BTC, ETH, XRP, SOL, and stablecoins, and was the first Japanese exchange to handle USDC (sole domestic handler as of June 2025), RLUSD (via Ripple partnership), and JPYSC (Japan's first trust-type JPY stablecoin, issued by SBI Shinsei Trust Bank).

Revenue is generated primarily through transaction-based fees: maker/taker fees on spot trading, funding rates on leveraged CFD positions, lending spreads between borrowed and on-lent rates, and staking reward spreads. Most account-level and basic transaction fees are free, with monetization driven by volume, spread, and premium-tier services. SBIVC for Prime serves clients with 10M+ JPY in assets with cashback, preferential lending rates, and up to 10x corporate leverage. Distribution is digital-native (web and mobile apps, eKYC onboarding) supported by SBI Group cross-sell — most visibly through the May 2026 launch of the SBI VISA Cryptocard with Aplus and Visa, which earns BTC, ETH, or XRP rewards on purchases and on SBI Securities mutual fund holdings. The company is regulated under three Kanto Local Finance Bureau registrations (crypto-asset exchange No. 00011, electronic payment instruments exchange No. 00001, Type I financial instruments business No. 3247) and is a member of JVCEA. In July 2026, SBI VC Trade completed a merger with SBINFT Co., Ltd., absorbing the NFT marketplace and Web3 wallet businesses.

Name

SBI Virtual Currencies

Legal name

SBI VCトレード株式会社

Website

https://sbivc.co.jp

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

SBI VC Trade is a Japanese cryptocurrency and electronic payment instruments exchange operator, wholly-owned by SBI Holdings, offering spot trading, leverage, staking, lending, Web3 wallet, and crypto-reward credit card services to Japanese retail, corporate, and high-net-worth investors.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industries

Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ), Crypto Borrowing & Margin Credit Facilities (FSADAFAC), Institutional / OTC Crypto Credit & Bilateral Lending (FSADAFAD), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Crypto-Backed Consumer Loans (Secured) (FSADAFAG)

Keywords

• Cryptocurrency exchange
• Crypto trading platform
• Spot trading services
• Crypto staking services
• Crypto lending platform

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Spot Trading (Maker/Taker Fees): Fees from cryptocurrency spot trading through both OTC sales desk and exchange (order book/board trading). Maker orders that add liquidity receive more favorable fee treatment than Taker orders that take liquidity.
2. Leveraged CFD Trading: Revenue from leveraged cryptocurrency CFD positions. Funding rate (而不是 fixed leverage fee) charged based on market supply/demand for long vs short positions. No losscut fee charged.
3. Crypto Lending (Loan Coin): SBI VC Trade acts as intermediary, borrowing crypto from users and lending to other counterparties. Spread between borrowing and lending rates constitutes revenue.
4. Staking Services: Staking rewards distributed to users; SBI VC Trade earns spread between blockchain network reward and user payout.
5. Account-related Fees (Free but enables trading): Account opening, account maintenance, JPY deposit/withdrawal, crypto deposit/withdrawal, and losscut fees are all free. These free services drive trading volume that generates transaction fee revenue.
6. SBIVC for Prime Premium Services: High-value individual and corporate clients (1,000万 JPY+ assets) receive cashback on monthly trading volume, preferential lending rates, and higher leverage limits (up to 10x for corporates).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

SBI VC Trade Co., Ltd. operates a Japanese cryptocurrency exchange platform under the VCTRADE brand, offering spot trading (both sales desk and order book), leveraged CFD trading, crypto lending, automated dollar-cost averaging, and staking for 17 cryptocurrencies. The exchange supports 42 listed crypto assets and electronic payment instruments including USDC, RLUSD, and the JPYSC yen stablecoin, and serves both individual retail investors and corporate clients with a dedicated high-net-worth program.

Product overview

SBI VCトレード is a comprehensive cryptocurrency exchange platform operated by SBI VC Trade Co., Ltd., offering a full lineup of cryptocurrency trading services under the '暗号資産もSBI' (Crypto too with SBI) slogan. The platform provides spot trading through both sales desk and peer-to-peer exchange, leverage trading (up to 2x individual / 10x corporate), crypto lending (貸コイン), automated dollar-cost averaging (積立), and staking with 17 supported cryptocurrencies (domestically highest). Premium services include SBIVC for Prime for high-net-worth clients (1,000万+ assets) offering preferential fees and dedicated support. The platform differentiates through strategic stablecoin offerings including USDC (sole domestic handler as of June 2025), RLUSD (first domestic handling via Ripple partnership), and JPYSC (Japan's first trust-type JPY stablecoin via SBI新生信託銀行). Additional services include SBI VISAクリプトカード (crypto-reward credit card launched May 2026), SBI Web3ウォレット for NFT and Web3, and SBI Mits event platform. The platform supports 42 cryptocurrency and electronic payment instrument listings including BTC, ETH, XRP, SOL, and various altcoins.

Differentiator

Problem solved

Functional benefit

Brands

• VCTRADE: SBI VCトレードの暗号資産取引サービス

Products and services

• Spot Trading (現物取引) Spot cryptocurrency trading service allowing users to buy and sell crypto assets via both over-the-counter sales desk and peer-to-peer order book exchange. Maker/taker fee structure with minimum purchase from 1 JPY.
• Leverage Trading (レバレッジ取引) Margin trading enabling long and short positions on cryptocurrency price movements with up to 2x leverage for individuals and up to 10x for corporate clients. Uses funding rate mechanism based on long/short market supply and demand.
• Crypto Lending (貸コイン) Lending service where users lend crypto assets to the exchange and receive borrowing fees. Weekly subscription courses with principal locked during loan period and compensation paid at maturity.
• Systematic Investment Plan (積立) Automated dollar-cost averaging investment service allowing users to set recurring purchase schedules (daily/monthly) starting from 500 JPY per installment for systematic crypto accumulation without active management.
• Staking Service (ステーキング) Proof-of-Stake staking service supporting 17 cryptocurrencies (domestic maximum in Japan) with no lock-up or application required; users simply hold eligible assets to receive monthly staking rewards based on average daily holdings.
• SBI VISA Crypto Card (SBI VISAクリプトカード) Visa credit card that accumulates cryptocurrency rewards (BTC, ETH, or XRP selectable) on purchases. Available in Standard variant (0.5%-0.8% rewards, free first year, then free with 10 million JPY annual spend) and Gold variant (1.0%-1.3% rewards, 6,600 JPY annual fee). Points auto-convert to crypto monthly.
• SBI Web3 Wallet (SBI Web3ウォレット) Digital wallet for managing cryptocurrency assets, NFT storage, and blockchain interactions. Enables NFT transactions and Web3 ecosystem participation including partnerships with entertainment IP and idol groups.
• SBIVC for Prime Premium service tier for clients with 10 million JPY+ in assets and corporate clients. Provides tiered cashback on monthly trading volume, preferential lending rates, up to 10x leverage for corporate clients, dedicated relationship manager, tax-loss harvesting support, and Web3 business consulting.
• SBI Mits Event-based loyalty and engagement platform combining NFT collectibles, coupons, and promotional campaigns. Users participate in events to receive NFT rewards and special offers from partner brands.

Quantifiable outcome

• 42 crypto assets and electronic payment instruments available for trading
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Lib Work (株式会社Lib Work)minorGTM or Marketing Partner · 24 September 2025Lib Work, a Q-Board listed digital asset strategy company (based in Kumamoto, Japan), partnered with SBI VC Trade for a Bitcoin giveaway campaign. Lib Work shareholders who open SBI VC Trade accounts and meet holding requirements can enter to win a total of 30 million yen in Bitcoin across 1,300 winners. The campaign celebrates Lib Work's digital asset strategy shift, 3D-printed house NFT initiatives, and expanded shareholder returns.
• SBI Shinsei Trust Bank (SBI新生信託銀行)coreStrategic or Co-development PartnerSBI Shinsei Trust Bank issues JPYSC, Japan's first trust-type Japanese yen stablecoin, which SBI VC Trade handles as a trading instrument. This is a strategic co-development within the SBI Group ecosystem, enabling yen-denominated digital transactions on-chain.
• Ripple Labs Inc.coreStrategic or Co-development PartnerRipple Labs developed the XRP network and RLUSD stablecoin. SBI VC Trade became the first domestic exchange to handle RLUSD (Ripple Enterprise USD stablecoin), enabling efficient cross-border dollar transactions for Japanese users.
• Aplus Co., Ltd. (株式会社アプラス)coreStrategic or Co-development PartnerAplus Co., Ltd. partnered with SBI Group and Visa to co-issue the SBI VISA Cryptocard, which rewards card users with BTC, ETH, or XRP based on purchase volume.
• Visa Inc.coreStrategic or Co-development PartnerVisa partnered with SBI Group and Aplus to enable the SBI VISA Cryptocard, a credit card that accumulates cryptocurrency rewards. Visa's global payment network enables domestic and international card acceptance.
• Gtax (株式会社Gtax)minorStrategic or Co-development PartnerGtax provides cryptocurrency tax calculation software integrated with SBI VC Trade's educational content. Gtax's tools help users calculate crypto trading gains/losses for Japanese tax filing purposes, with articles featured on SBI VC Trade's columns platform.
• Center for Information Processing (日本賊点交換所)minorChannel Partner/ Reseller/ DistributorSBI VC Trade is listed as a member of the Japan Virtual Currency Exchange Association (JVCEA) for referral traffic and platform legitimacy, with JVCEA providing a member list page with official URLs for registered exchanges.
• SBINFT (SBI NFT株式会社)coreStrategic or Co-development PartnerSBINFT provides NFT marketplace services and collaborates with SBI VC Trade's Web3 wallet for NFT campaigns. Note: SBI VC Trade and SBINFT merged as of July 2026, completing a merger announcement made earlier.
• SBINFT株式会社 (SBINFT Co., Ltd.)coreStrategic or Co-development PartnerSBI VC Trade and SBINFT merged, with the combined entity continuing operations. The merger was completed in 2026. SBINFT operated the NFT marketplace with a vetting/approval system, now integrated into SBI VC Trade's services.
• DMM BitcoinminorChannel Partner/ Reseller/ DistributorTransfer program for DMM Bitcoin customers to migrate their accounts to SBI VC Trade. DMM Bitcoin users can transfer their crypto holdings to SBI VC Trade under a dedicated migration program.
• Animoca Brands JapanminorStrategic or Co-development PartnerAnimoca Brands Japan is listed as a partner of the NIDT (Nippon Idol Token) ecosystem, which operates on the Ethereum blockchain. Animoca Brands is known for blockchain gaming and digital property rights.
• Overse Inc. (株式会社オーバース)coreStrategic or Co-development PartnerOverse Inc. operates the NIDT (Nippon Idol Token) project, an Ethereum ERC-20 utility token supporting idol fan communities (WHITE SCORPION, Rain Tree). IEO conducted April 2023 raising approximately 10億円. SBI VC Trade handles NIDT trading on its exchange.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Kraken: Global crypto exchange with established Japanese operations (Kraken Japan). Comparable as a broader incumbent offering spot, staking, and leveraged trading, though not exclusively focused on the Japanese market like SBI VC Trade.

Emerging players

• Bybit: Global crypto derivatives-focused exchange with growing Japan presence. Comparable as an emerging player targeting Japanese retail with leveraged and spot trading products, though its derivative focus differs from SBI VC Trade's broader Japanese retail positioning.

Direct peers

• Coincheck: Major Japanese crypto exchange owned by Monex Group, offering spot trading, leveraged trading, staking, lending, and NFT marketplace. Directly competes with SBI VC Trade in retail crypto trading and has similar JVCEA-registered exchange operations and corporate crypto services.
• bitFlyer: One of Japan's largest licensed crypto exchanges, operating spot, leveraged, and Bitcoin derivatives trading. Directly comparable to SBI VC Trade on regulated spot exchange operations, JVCEA membership, and the Japanese retail and institutional customer base.
• GMO Coin: Crypto exchange operated by GMO Internet Group, offering spot and leveraged trading with broad Japanese yen pairs. Comparable to SBI VC Trade as a Japanese-licensed exchange with similar product breadth and retail/corporate customer focus.
• bitbank: Japanese crypto exchange with spot trading, leveraged trading, and staking services. Operates bitbank Trade for professional traders. Comparable to SBI VC Trade on regulated Japanese exchange operations, staking product offering, and JVCEA membership.
• Rakuten Wallet: Japanese crypto exchange operated by Rakuten Group, offering spot trading and leveraged trading with cross-sell from the Rakuten ecosystem. Comparable to SBI VC Trade on exchange operations and corporate-group distribution synergies.
• Binance Japan: Japanese subsidiary of Binance, offering spot trading and staking on a broad range of crypto assets. Directly comparable to SBI VC Trade as a JVCEA-registered Japanese exchange targeting retail investors with high coin coverage.
• OKCoin Japan: Japanese-licensed crypto exchange affiliated with global OKX group, offering spot trading and staking. Directly competes with SBI VC Trade on Japanese retail spot trading and corporate/institutional services under FSA registration.
• BitTrade: Japanese crypto exchange (formerly Huobi Japan), offering spot trading and a wide range of altcoins. Comparable to SBI VC Trade on multi-asset Japanese spot exchange operations and JVCEA registration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sbivc_official
• YouTubeyoutube.com/channel/UCvZUMOeEVQWp4ov77mHuDtg

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SBI Virtual Currencies