LINE, the chat app ubliquitous is Japan with an estimated 200 million monthly active user worldwide, said back in january that it planned to enter in Cryptocurrency space. Now it is confirm that it will launch a Cryptocurrency exchange called BitBox likely in july. The exchange handle 30 or more Cryptocurrencies, Including Bitcoin,Ethereum,Litecoin and Bitcoin cash. It's trading Fee is 0.1%.
PROBLEM With BitBox - It does not plan to offer it's services in U.S and Japan or it will not allow user to trade fiat Currencies such as the U.S Dollar or korian won. The exchange will cover Crypto - to - Crypto trading only. Japan is LINE's largest market market for revenue and user, so by excluding the Country, it is severely limiting the potential impact that BitBox can have.
What do you think about this exchange? Comment down below....thanks...😃 Source - google or line press relese..