Ripple partner SBI Holdings subsidiary SBI VC Trade has launched a limited-time campaign on the leveraged trading of Bitcoin in Japan. With this, it has reduced the standard spread for trading Bitcoin/JPY from 5,000 yen to 3,333 yen.
Ripple Ally SBI Reveals New Bitcoin Leveraged Trading Campaign
This campaign will be held from August 17 to August 31, and can be traded on weekdays during the campaign hours. Weekend trading is not allowed.
The offer comes on the heels of a previous SBI VC Trade offering that cut spreads for leveraged BTC/JPY and XRP/JPY trading. The company went on to provide leveraged trading of BTC/JPY at the 5,000 yen standard spread until the end of that campaign.
The new campaign has lowered the standard spread to 3,333 yen. Ripple-backed SBI VC Trade stated that the change will reduce the trading price compared to the previous BTC/JPY offering.
The company noted that the campaign is only applicable to leveraged BTC/JPY trading. However, it doesn’t include any BITPOINT services.
Other Clauses To Keep In Mind
SBI VC Trade also said that the spread may vary according to market conditions. It can spread briefly in times of rapid fluctuations in the markets. The spread exhibited will change depending on the conditions of the campaign.
Moreover, customers will be able to leverage positions using crypto assets as collateral on the platform. Funding rates also impact on the returns from a trade. How much traders pay or receive will depend on market conditions.
The campaign is running in parallel with SBI FX Trade where they are providing the same BTC/JPY spread in the same time frame.
For context, SBI VC Trade is a crypto exchange and Type I Financial Instruments Business Operator in Japan. It is a wholly owned subsidiary of Ripple affiliate SBI Holdings.
The campaign will conclude at 3 p.m. Japan time on August 31. The terms are subject to change and the campaign can be terminated without notice, SBI VC Trade said.
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