LINE’s crypto exchange BITBOX kicks off worldwide

July 17, 2018


LINE’s crypto exchange BITBOX kicks off worldwide

Singapore-based cryptocurrency exchange BITBOX, launched by Japanese mobile messaging giant LINE kicked off global operations.

The exchange is available worldwide, except Japan and the United States. 15 languages are supported, including English, Korean, and Chinese. 30 types of cryptocurrencies are traded, including BTC, ETH, BCH and LTC.

According to the official announcement, the first 2 million customers who register at BITBOX will receive a reward equivalent to US$10 in August which can be used in the exchange. In addition, during the first month of BITBOX operations, registered users will be able to trade assets with zero trading fees for all the listed coins in the exchange.

The company stated that the launch of BITBOX is part of a wide range of finance-related initiatives from LINE as it seeks to become a leader in the fintech business.

LINE CEO Takeshi Idezawa said:

“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… With BITBOX, we intend to have an exchange that is easier to use, while also ensuring we provide extremely strong levels of security.”

Multi-signature technology offered by BitGo, the market leader in institutional-grade cryptocurrency security is integrated with BITBOX.

“The BitGo wallet is the only institutional-grade, multi-signature, multi-coin hot wallet. Multi-signature, three-key management removes any single point of failure, and advanced security configurations ensure that assets are secure as they move in and out of the wallet. The BitGo wallet pairs seamlessly with BitGo’s cold storage custody making asset transfer simple and secure.”

According to BitGo CEO Mike Belshe, BITBOX is an important step in bringing institutional investors the security, compliance, and custodial solutions they need.

“LINE has an established history of success in the global market. Together BITBOX and BitGo are committed to providing the most secure and reliable user experience in the digital token ecosystem.”

Let us remind that BITBOX was announced in June during the LINE Conference 2018 in Tokyo.