Japanese e-commerce giant Rakuten has officially announced the launch of its cryptocurrency exchange, Rakuten Wallet. The users can start spot trading in three cryptocurrencies. They are bitcoin (BTC), ether (ETH) and bitcoin cash (BCH).

The platform is on mobile platforms. For the time it is only available on Android devices. However, the iOS version of the Wallet is under development. It will hit the market as soon as in September. The crypto platform will store the clients’ funds and the exchange’s funds separately for ensuring safety. The exchange will also keep the stored clients’ funds in cold wallets and manage private-keys with a multi-signature wallet to avoid threats. Additionally, there will be a two-step authentication for logging in and withdrawing and depositing of funds. The customers who already have a bank account with Rakuten Bank can easily open a Wallet account. They have to simply enter the appropriate information on the online application form. Rakuten Wallet initially began accepting registrations in April, from the bank clients.

Rakuten has dived into the crypto trading industry when it joined hands with JR East for the promotion of digital payments. In May, the exchange also partnered with blockchain security firm CipherTrace for anti-money laundering protections. As per the source, the exchange has managed to gain an operating license from the country’s regulatory body.