Institutions in Japan Turn to Bitcoin and XRP as SBI VC Trade Hits 2M Registered Accounts

SBI VC Trade is seeing increased retail and institutional adoption as Bitcoin and XRP expand their use cases in shareholder reward systems.

In an announcement, SBI VC Trade, the digital asset arm of Japanese financial giant SBI Holdings, disclosed reaching a notable user milestone. The number of accounts registered on the crypto platform has surpassed 2 million as demand for its products continues to grow.

Furthermore, SBI VC Trade also revealed increased institutional demand for Bitcoin and XRP, two of the largest cryptocurrencies by market cap. Companies are now using the duo to pay bonuses to their shareholders amid the yen weakness.

SBI VC Trade Hits 2 Million Users

The exchange announced that as of Monday, June 6, it has exceeded 2 million accounts. This meant it added 69,000 new users between March and now, as its number of users stood at 1.93 million then. 

Notably, the figure came from both the VCTRADE and Bitpoint service platforms, the report noted. Recall that Bitpoint Japan became part of the SBI Group through a merger in April 2026, which further strengthened the institution’s crypto push.

SBI VC Trade highlighted that the increase in accounts comes as it improves its services to clients. It claims it is the only electronic payment method exchange in Japan and continues to increase stablecoin handling, providing convenience for customers.

Bitcoin and XRP Boost SBIVC for Prime’s Institutional Adoption

The report also noted that SBIVC for Prime, SBI VC Trade’s corporate service, is seeing strong traction from companies, particularly as the yen weakens. For the uninitiated, the Japanese yen has dropped to near 40-year lows amid economic struggles.

Amid the local currency weakness, Bitcoin and XRP have emerged as strong alternatives for institutions to diversify their financial strategy. Also, they are increasingly using the two cryptocurrencies as a means of dividend and reward payments to shareholders.

SBI VC Trade further claimed it is the leader in staking service provision, boasting the highest number of coins available for staking. The service provides additional means of revenue generation for clients and increases the platform’s appeal.

SBI’s Stablecoin Push

SBI started its stablecoin push with the integration of USDC to its VCTRADE platform in March 2025. It also introduced the JPYSC, the first yen-denominated stablecoin in Japan. Most recently, SBI VC Trade officially brought the RLUSD stablecoin into Japan through a partnership with Ripple.

SBI VC Trade also plans to launch stablecoin lending services to its clients. Customers will soon be able to lend their stablecoins to the platform for a certain period and receive rewards.

This aligns with SBI VC Trade’s plans to become the leading crypto exchange in the industry. The exchange also plans to integrate two service brands by December.