SBI Launches Midsummer XRP Festival, XRP CFD Trading, to Bolster XRP Presence in Japan

Japan's financial giant, SBI, integrates innovative XRP trading solutions and cashback programs to promote XRP across the Japanese crypto community.Furthermore, a pro-XRP influencer, Crypto Eri, announced on Twitter, updating her fans about the impressive developments started by SBI.

SBI's second step involves introducing a Leverage Trading Campaign, where users can stand a chance to receive 100 Ripple each.

Similar to the spot transfer campaign, winners of this lottery will have the Ripple transferred to their SBI VC trading portfolios.

Spot Transaction Rally

According to a renowned Japanese influencer, Crypto Eri, SBI is about to take the crypto industry by surprise with its recent developments concerning XRP.SBI's recent move is related to advancing XRP's prominence in the Japanese crypto community under what the firm dubs the Midsummer XRP Festival."

The Midsummer Ripple Festival is a co-sponsored campaign by SBI FX Trade and SBI VC Trade. SBI's Spot Transaction Campaign targets individual users, attracting them with lotteries to win Ripple gifts and incentives.

To participate, customers must interact with Ripple spot trading at SBI VC Trade sales offices during the campaign timeframe, scheduled from July 14 to August 1, 2023.

The second move by SBI is the Leverage Trading Campaign, where individuals can get a chance to win up to 100 Ripple per person. In the campaign, 50 lucky recipients will be selected by lottery.

Also, to be eligible, participants must perform leveraged trading of Ripple tokenson SBI VC Trade within the stated timeframe.

Furthermore, the lottery winners will receive the Ripple incentives on their SBI VC Trade wallets by the end of August 2023.

SBI to Feature XRP on FX Trading Website

In addition, Crypto Eri explained SBI's decision to bolster the cross-promotion of XRP on its unique FX trading website. Primarily, SBI integrates crypto CFD trading, a kind of derivatives trading involving Ripple trading pairs like XRP/USD and XRP/JPY.

Based on the firm's official site, SBI published a cashback campaign for XRP/USD and XRP/JPY transactions, allowing participants to receive incentives up to 1 million yen.

During the campaign, from July 14 to August 1, 2023, SBI customers must indulge in Ripple transactions of up to 1 million yen or more to be able to participate in the cashback campaign.

SBI is leaving no stone unturned in advancing the Ripple token across the Japanese crypto community.

The Japanese firm is introducing these innovations after Ripple's recent victory against the US Securities and Exchange Commission (SEC), the financial and securities regulator for the US.

As reported in June, SBI CEO Yoshitaka Kitao said that XRP investors could anticipate huge benefits after Ripple won the US SEC.

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