Japanese company Line Corporation launched BITBOX, global social digital token exchange based in Singapore for trading over 30 cryptocurrencies

Briefing

Japanese company Line Corporation launched BITBOX, global social digital token exchange based in Singapore for trading over 30 cryptocurrencies

July 18, 2018

Briefing

  • BITBOX Digital Token Exchange – Japanese company Line Corporation began operations of BITBOX, cryptocurrency exchange based in Singapore available globally, except for Japan and U.S. investors, on July 16, 2018
  • Platform Features – Supports over 30 cryptocurrencies and 15 languages, has a 0.1% trading spread (i.e. difference between buying and selling prices at time of trade), and does not allow fiat to cryptocurrency trading
  • Enhanced Security Protocols – Partnered with BitGo to provide institutional grade, multi-signature and multi-coin hot wallet, removing single point of failure and enabling advanced security configurations for asset transfers
  • Early Bird Benefits – Line Corp. waiving trading fees during first month of operation and giving first two million users $10 worth of rewards which can be used on BITBOX by August 2018

Accelerator

Market Disruption

Business Model and Practices

Business Model
and Practices

Sector

Financial Services

Organization

BitGo, LINE Corporation

Source

Original Publication Date

July 17, 2018

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