• Rakuten Wallet President Tatsuya Yamada announced on the 28th, preparations for leveraged trading are being made.
• They believe it is important to first understand their customers’ needs and preferences.
• Rakuten Wallet currently deals with physical transactions only.

Rakuten Wallet President Tatsuya Yamada announced on the 28th preparations for leveraged trading are being made. Rakuten Wallet currently deals with physical transactions only. Rakuten Wallet, Inc., is a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business. The assets they handle are Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

A study session was held on the 28th where President Yamada announced,

“We are preparing because we know that FX customers have a need for virtual currency leverage trading.”

They believe it is important to first understand their customers’ needs and preferences before they can go ahead and link virtual currency and Rakuten points.

Commenting on Rakuten’s wallet business, he said,

“We are exploring possibilities in the payment field, not a virtual currency as a speculative thing. The group has a payment business, so we are discussing how to use virtual currency there.”

The organization, in the past known as “everyone’s bitcoin Inc.,” changed its name to “Rakuten Wallet, Inc.” on March 1, 2019. Rakuten Wallet began tolerating applications for accounts on April 15, 2019, for it’s a crypto resource (virtual money) exchanging administration and began offering crypto resource (virtual cash) spot exchanging administrations on August 19, 2019.

Clients can make exchanges for crypto resource exchanging accounts, for example, keeping/pulling back Japanese yen and saving/pulling back crypto resources, 24 hours per day, 365 days every year.

Cash kept by clients is overseen independently from Rakuten Wallet’s very own assets in a Rakuten Trust Co., Ltd. trust account. Crypto resources possessed by Rakuten Wallet and clients are physically isolated and overseen, and cryptographic resources claimed by clients are made do with cold wallets.

Another security measure is the two-step authentication that has been adopted to prevent unauthorized use. Two-step authentication is required when logging in, withdrawing money and withdrawing assets.

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