LINE Cryptocurrency Exchange Starts Global Transactions

LINE which is today Japanese largest mobile giant has formally  started up transactions of its Singapore-established digital currency exchange BITBOX with the help for 30 cryptocurrencies including bitcoin.

As indicated in the statement done on Tuesday, LINE verified that the exchange will just bolster crypto-selecting trading pairs with no trading proposed among fiat currency and cryptocurrencies. Currently at startup there are about 30 coins traded including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. The all mentioned coins went through “a very rigorous evaluation process” by the screening committee of the exchange that will be usable to all digital tokens attempting to be listed on the exchange.

The exchange which is based on crypto-to-crypto scheme will be available all over the world for all users in 15 languages. The exceptions will be Japan and the United States, because of their regulatory barriers.

Meantime LINE has over 600 million officially registered clients and 200 million active users per month globally, the exclusion of Japan will have an impact on the BITBOX’s increase as Japan is the most powerful market  of LINE company.

BITBOX has the suggestion of zero trading fees for all mentioned coins during first months.  The first 2 million users who register at BITBOX will get a reward equal to US$10 in August that can be used for trading on the exchange.