Japan’s LINE Launches Crypto Exchange BitBox

2018-9-19 18:11

Social media company Line Corporation recently launched their first service into the cryptocurrency space, known as BitBox. The creators of Japan’s most popular messaging application have announced the cryptocurrency exchange on the back of the rise of digital currencies in recent years.

LINE is a messaging app similar to WhatsApp and Facebook messenger. The free application has become quite popular in Asian countries like Japan, Thailand, and Taiwan. BitBox began crypto trading on July 16th this year (2018) and offers up to 30 of the most popular digital currencies available on the market.

Those include Bitcoin, Ethereum, Bitcoin Cash, Litecoin and many others. According to an official company press release:

“The above-mentioned cryptocurrencies were selected through a rigorous review by a listing committee composed of experts.”

At this stage, the service is available to customers in most countries with a few exceptions like the US and Japan. This restriction is most likely due to the ongoing regulatory challenges faced in those regions. The exchange will offer only crypto-to-crypto services at first but already supports 15 languages, including English and Korean.

LINE is hoping to steal market share away from existing exchanges by offering several rewards to new users. So among others, they will award a $10 bonus to the first 2 million users who jump on board.

BitBox – Grabbing the Lion’s Share

Despite its popularity in the Asian market, LINE remains well below its western competitors in terms of daily active users. In comparison, Facebook’s purchase of WhatsApp (the most popular messaging app in the world) has brought its market share up to a whopping 88%:

LINE may want to attract more users if it intends to increase BitBox profits.

Earlier this year, LINE launched a new company aimed specifically at providing digital currency services – LVC. LVC, as a holding company, will focus its efforts on the BitBox cryptocurrency exchange and future blockchain businesses. 

The exchange will also have to compete with cryptocurrency heavyweights like Binance and Bithumb, to name a few. Furthermore, BitBox reviews will need to remain positive if it intends to stay competitive in an internet heavy world. 

The announcement of the cryptocurrency exchange is certainly seen by many as the next smart play in this field. Popular messaging applications already have a large user base with which they can leverage new businesses. If LINE can continue to offer innovative solutions to their predominantly Asian users, they should remain successful in a highly competitive market.

The post Japan’s LINE Launches Crypto Exchange BitBox appeared first on CoinCentral.

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Источник: coincentral.com

exchange bitbox → Результатов: 37


Фото:

Japan’s Biggest Chat App Line Expands Cryptocurrency Offering

Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, has added Tron (TRX) to its cryptocurrency exchange platform Bitbox. Tron is the first crypto-token to pass the review process by the Bitbox open-listing committee and joins other cryptocurrencies already available in the platform including Bitcoin, Ethereum, Litecoin, Ripple, […] The post Japan’s Biggest Chat App Line Expands Cryptocurrency Offering appeared first on Coinjournal.

2018-8-17 00:24


Фото:

Line’s Cryptocurrency Exchange Bitbox Begins Operations

Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, have today launched their new cryptocurrency exchange platform, Bitbox. The crypto-to-crypto exchange platform, operated by Singapore-based subsidiary Line Tech Plus, allows for the trading of 28 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, for users around the globe […] The post Line’s Cryptocurrency Exchange Bitbox Begins Operations appeared first on Coinjournal.

2018-7-16 20:46


Мессенджер Line запустил криптовалютную биржу Bitbox в Сингапуре

16 июля популярный японский мессенджер Line, пользовательская база которого насчитывает 200 млн человек, объявил об официальном запуске криптовалютной биржи Bitbox в Сингапуре. Новая платформа поддерживает 15 языков и доступна для пользователей по всему миру, кроме жителей Японии и США.

2018-7-16 19:46


Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange

Line, the second-largest chat messaging app in Southeast Asia and the most popular chat service in Japan, announced the impending launch of a new cryptocurrency exchange called BitBox. The new exchange, scheduled to go live in July 2018, follows an announcement issued in January by the chat giant heralding the creation of a new financial […] The post Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange appeared first on CryptoSlate.

2018-6-29 14:00


Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto

Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. As Cointelegraph reported in January, LINE had been in talks with Japanese regulators over launching an exchange.

2018-6-28 16:00


Фото:

Japan’s Biggest Social Network to Launch Cryptocurrency Exchange

Japan’s biggest social network LINE will launch a cryptocurrency exchange under a Singapore-based subsidiary in July — but will exclude Japanese and, initially, US users. ‘In Compliance With Rules And Regulations’ A press release issued June 28 confirms the move, which follows debates with Japanese regulators stretching back to January this year.

2018-6-28 15:00


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