Banking Giant SBI Delays Cryptoexchange Launch

SBI Group, a leading financial service conglomerate in Japan, has been planning the launch of the own cryptocurrency exchange. Though on the 27st of February, it announced, that the launch will be postponed.

The reason of delay is the security concerns that the company is still having. To solve them, SBI needs some more time. The group has been planning the own cryptocurrency exchange since 2016, but till now, these are just plans.

The motivation of SBI to enhance security measures was, most likely, increased after the hack on the 26th of January, when 534 mln USD were stolen from Coincheck exchange.

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