A new one has started in Japan platform for trade kryptowalutamiwhich has obtained full regulatory compliance. Don't finishbecause we are talking about it, it was launched by the Japanese application LINE, used to send messages and the most popular in the country.
Bitmax enters the market
Bitmax, the company's cryptocurrency trading platform Line Corporation (to the exact one Line Corporation - LVC Corporation), serving the largest in Japan, free application for immediate communication via electronic devices LINE, obtained a business license for cryptocurrencies from the National Financial Services Agency (FSA).
After gaining this approval, the stock market Don't finish launched its activities.
The initial trading offer includes the following cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) Litecoin (LTC) and Ripple (XRP).
Platform support via the LINE application
Access to the Bitmax platform is possible through the LINE application, which is used by millions of Japanese every day.
It is compatible with the service LINE Pay Service, ensuring fast deposits and withdrawals in yen.
The stock exchange is also open to customers who intend to carry out transactions involving smaller amounts, below 1000 yen.
Bitmax is not Bitbox
The Bitmax exchange should not be confused with another global exchange named Bitboxstationed in Singapore, and also launched by LINE.
However, it is not available to Japanese investors due to the lack of a Japanese cryptocurrency exchange license.
LINE developed its own last year cryptocurrency Link and network blockchain named LINK Chain.
distributor tokenand, at the same time, the main network exchange, became mentioned Bitbox.
Block chains are also based on decentralized applications used in the LINE communicator.
However, in June this year, the LINE financial services section, operating under the name Line Pay Corporation, started cooperation with VISA, a leading payment service provider.
This partnership is aimed at developing new solutions related to blockchain technology and electronic payments.