SBI Lowers XRP Transaction Fees by 78% to Target Japanese Leverage Demand

SBI VC Trade, a subsidiary of Japan's cryptocurrency exchange, temporarily reduced the standard spread for XRP/JPY leverage trading to 0.5 yen (approximately 4.79 won) from June 22 to July 3. The move aims to boost participation in leveraged trading among Japanese retail investors by significantly lowering transaction costs. The promotion applies to the VCTRADE platform, with SBI describing it as 'Spread Breakthrough! Support Week for XRP/JPY Leverage Trading.' However, the spread may temporarily widen in highly volatile market conditions. The core benefit is the cost reduction, with SBI stating the new spread is about 78% lower than the average 2.3633 yen (22.62 won) for XRP/JPY trades on its platform as of May 2026. Similar terms are available on SBI FX Trade during the promotion period. This initiative aligns with SBI's strategy to support XRP, which is widely held among its users due to its inclusion in shareholder preference programs for Japanese-listed companies tied to the SBI group.