Japanese messaging giant LINE has officially commenced operations for its Singapore-based cryptocurrency exchange BITBOX, supporting trade in 30 cryptocurrencies.
The official launch was announced in a July 17 press release, which reported that BITBOX started serving its first customers on Monday, July 16. According to the release, BITBOX supports trading for about 30 cryptocurrencies, provides only crypto-to-crypto trading, supports 15 languages, and will be available globally with the exception of in the USA and Japan.
LINE CEO Takeshi Idezawa said that the company aims to make BITBOX “easier to use,” focusing on delivering a “rich experience” and “intuitive layout” while also ensuring “extremely strong levels of security.”
The new exchange will integrate the multi-signature technology offered by crypto wallet BitGo in order to provide “institutional-grade cryptocurrency security” for users.
According to the press release, the first 2 million customers who register at BITBOX will receive $10 worth of trading credits in August, which can be used on the exchange. Further, BITBOX has announced zero trading fees for all coins listed on the exchange during the first month of its operation.
LINE is the biggest messaging app in Japan, boasting over 600 million registered users and 200 million monthly users globally, most of which are in Japan.