The company Line, the operator of popular Japanese mobile messenger app, announced the launch next month of cryptocurrency exchange.
It is noteworthy that a new exchange called BitBox does not intend to provide trading services to residents of Japan and the United States. Pairs on the platform are purely cryptocurrency without the participation of Fiat money.
The “cryptocurrency exchange BITBOX runs as part of the business financial services Line, providing services throughout the world except Japan and the United States. To exchange BITBOX will be available 30 or more cryptocurrencies, and it will provide support for 15 languages, except Japanese. BITBOX will provide an opportunity for the exchange of cryptocurrency, not including an exchange between Fiat money and cryptocurrency,” — said in a statement.
In the list of “30 or more” supported cryptocurrencies will definitely be bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). According to the company, they were chosen “by a careful analysis of the listing Committee from among the experts”.
The decision to launch a crypto currency exchange in Singapore and to exclude the service of the people of Japan, the company has not commented. This is probably due to more stringent regulation of the stock market in the country.
We will remind that as a result, the country spent us Kraken, two of the local exchange has closed on its own, and one was closed by the regulator — the financial services Agency (FSA). On the eve of the termination of service residents of Japan announced Huobi Pro, the headquarters of which is also located in Singapore.