Japanese Messaging Giant Line to Open Cryptocurrency Exchange in Singapore

[kreslik.news]

Tokyo-based company Line is going to open its own cryptocurrency exchange in Singapore next month, according to the Financial Times.

The exchange will be called Bitbox and will offer 30 cryptocurrencies for a trading fee of 0.1 percent. It also applied to open in the US, but chose Singapore because it is the regulations are less strict.

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Takeshi Idezawa, CEO of Line, said:“With cryptocurrency, we are going to take our challenge in financial services global.”

Line is the most popular messaging application Japan. It was established in 2011 by a South Korean company called Naver Corporation. It ... (read more)