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Why Japan’s Biggest Messenger is Launching a Crypto Exchange For 80 Million Users

Why Japan’s Biggest Messenger is Launching a Crypto Exchange For 80 Million Users

CCN

Cryptocoins News / CCN 42 Views

By CCN Markets: Line, the most widely utilized messaging application in Japan with more than 80 million users is set to receive approval from Japan’s Financial Services Agency as early as June to launch a crypto exchange, according to a Bloomberg report. In July 2018, Line launched a crypto exchange called “BITBOX” in Singapore with the intent of integrating LINK, the Line ecosystem’s native crypto asset. BitMax, Line’s new crypto exchange awaiting for an approval from local financial authorities, will launch in Japan to facilitate trades for local users. BITBOX has disallowed Japanese users from trading since its launch. Line

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