Japan mobile giant LINE has successfully launched a power-pack operation named “BITBOX” which is based on Singapore cryptocurrencies exchange.
This giant Global operation will be made available in 15 languages keeping in mind the diversity of language, however, it has been announced that Japan and United States is an exception to this because of some regulatory hurdles which cannot be ignored.
Well, this LINE has a capacity to promote only crypto exclusive trades and no trading between fiat currency and cryptocurrency. On the other hand, this global network has already landed its 30 coins including Bitcoin, Litecoin, Ripple, Etherum, Bitcoin Cash, all these coins have undergone through various security check before launching it for the customers.
The screening committee has made sure that these coins will be made available to all the digital tokens for exchange. So, basically, this platform provides a variety of option for the investors, businessman etc.
Coming to the statement of Takeshi Idezawa, CEO he clearly stated that: “LINE has built its reputation on providing a great social experience for our users, and now we intend to bring that know-how to the world of digital tokens with our BITBOX exchange.”
Koinalert has already reported this year that LINE has filed the agreement with the Financial Services Agency (FSA), Japan’s financial regulator for the operation to run smoothly as a crypto exchange application. Though the application has not been given green signal it is still under review.
The plus point of this BITBOX operation is that it will have no fees charged for the trading of the listed coins in the first month of operations post-launch, moreover, it is giving a reward equivalent to the US $10 for its first 2 million customers, in August.
So here comes the treat for the customers and investors. Be ready to avail of the opportunities.