Share this article
Rakuten's Crypto Exchange Has Launched for Trading in 3 Cryptos
The Japanese e-commerce giant's Rakuten Wallet exchange has gone live for spot trading of bitcoin, ether and bitcoin cash against the yen.
Updated Sep 13, 2021, 11:21 a.m. Published Aug 19, 2019, 10:01 a.m.
Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Monday, Rakuten Wallet has gone live for trading in bitcoin , ether and against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was provided.
The firm said customer funds held by the subsidiary will be managed separately from its own, under the eye of its trust company, Rakuten Trust, and through savings accounts at Rakuten Bank.
Rakuten further stresses that users' deposited cryptos will be held in cold, or offline, storage to minimize the risk of hacking. For added security, private keys are managed using a multisignature scheme, and two-step authentication is required when signing in and making withdrawals.
No fees are charged for making trades or deposits, which are conducted in real time, 365 days a year (excluding when maintenance is occurring), the firm says.
However, for fiat withdrawals, Rakuten Wallet will charge 300 JYN (around $2.80), and for crypto withdrawals it will charge at the (slightly arbitrary seeming) rates of: bitcoin at 0.001 BTC ($10.70), ether at 0.01 ETH ($2) and bitcoin cash at 0.01 BCH ($3.20), with conversions correct at time of writing.
The lack of fees on buying and selling cryptos should appeal to users making frequent trades.
Rakuten first revealed its exchange play in March, saying it had been awarded a license in Japan for its rebranded entity – an exchange platform called Everybody’s Bitcoin acquired for $2.4 million last August. In May, it partnered with blockchain analytics firm CipherTrace to help ensure regulatory compliance for the exchange.
Rakuten image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin trades near key price safety net that Strategy already breached
The safety net is the 100-week average, which has stalled the downtrend.
What to know:
- Bitcoin trades near a critical 100-week simple moving average, a key support level for bulls.
- Strategy shares have already fallen below this average, signaling potential bearish trends for bitcoin.
- Bulls must defend this support to prevent further declines similar to Strategy's recent losses.
Top Stories
