Line Corp Crypto Exchange.

Bitmax, Line Corp's Crypto Exchange Starts Operating in Japan


The launch of the Bitmax cryptocurrency exchange in Japan will allow 80 million LINE users to exchange virtual assets such as Bitcoin and Link, which are virtual crypto assets from LINE.

According to LINE Corporation and the operator of virtual assets and operating companies related to the blockchain, LVC Corporation, BITMAX has been operating and will be available to Japanese users starting Tuesday (17/09). BITMAX is one of the leading crypto exchange platforms that seek to meet the trading needs of users who want a modern and secure network for trading virtual currencies.

Based on the news reported by Tron Weekly Tuesday (09/17), after obtaining an operating license from the Japanese Financial Services Agency (FSA), BITMAX is scheduled to begin platform operations in the next few days. The launch of the BITMAX platform in Japan will allow 80 million LINE users to exchange virtual assets such as Bitcoin and Link which are the original virtual assets of LINE. BITMAX operations increase the coverage of the LINE crypto exchange portfolio to two after launching Bitbox in Singapore in mid-2018 ago.

After the agreement, the Japanese messaging giant, LINE business unit, became one of the few licensed crypto exchange platforms in Asian countries, which recently added Rakuten Wallet, as well as other big players such as SBI VC Trade and Coincheck.

Bitmax Will Trade 5 Major Crypto Currencies


According to trusted sources, the FSA has agreed to trade important crypto assets on the platform which includes major crypto assets, Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ether (ETH), and Litecoin (LTC).

According to the FSA website, the registration process ended on September 6 on behalf of LVC CORP., Which is mandated to oversee LINE virtual assets and blockchain operations.

Also, supreme leader Takeshi Idezawa confirmed the approval message to the Tokyo Stock Exchange.

LINE revealed that it has more than 187 million global users who use its platform every month and has an estimated 50 million registered users on the cellular payment service platform, LINE Pay.

Source: investing.com
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