Rakuten Launches Rakuten Wallet Cryptocurrency Exchange

E-commerce giant Rakuten has officially launched its cryptocurrency exchange, Rakuten Wallet.

The company said that users can start spot trading in three cryptocurrencies – BTC, ETH and BCH – through a mobile application. Currently, the application is available on the Android platform, and the release of the version for iOS is scheduled for early September.

Rakuten also said that customer assets will be stored in a “cold wallet” for security, and private keys can be managed using multi-signatures. In addition, two-step authentication for depositing and withdrawing funds will be available to users. The exchange also claims to store customer funds separately from its own.

Rakuten Wallet began accepting applications for opening accounts in April. In March, the company received a license to manage the cryptocurrency exchange from the Japan Financial Services Agency (FSA) and announced that it would launch the exchange in April, but in the end the deadlines moved to the end of the summer. In late May, it became known that Rakuten Wallet was collaborating with CipherTrace to ensure that the exchange complies with AML standards.