Japan’s Rakuten Opens Registrations For Crypto Exchange Rakuten Wallet

Announcements, News | April 19, 2019 By:

Japanese e-commerce giant Rakuten has opened registrations for its crypto exchange Rakuten Wallet.

Last month, the e-commerce giant changed the trading name of Everybody’s Bitcoin, a Japanese crypto exchange it acquired in August 2018 for 265 million yen ($2.4M USD), to Rakuten Wallet. The crypto exchange is part of the company’s new payments subsidiary, Rakuten Payment.

After completing the registration of Rakuten Wallet with the Kanto Local Finance Bureau of Japan’s Finance Ministry in March, Rakuten is now allowing customers who have an account at Rakuten Bank or a Rakuten member ID to register at the exchange.

“We are pleased to announce that we have started accepting applications for opening new accounts for the virtual currency trading service Rakuten Wallet,” Rakuten said in a press release. “Customers who have a bank account of Rakuten Group’s “Rakuten Bank” can start opening an account by entering necessary information on the web application format.”

In addition, Rakuten introduced an automatic support service for customers using artificial intelligence (AI) that will respond to their inquiries 24/7. It is also planning to provide a smartphone app that will allow users to deposit and withdraw from their crypto trading account and trade in crypto regardless of location.