Line Messaging App’s Bitbox Crypto Exchange Officially Opens Trading Platform
Bitbox is a cryptocurrency exchange platform that was recently introduced by Line Corporation. Line is a Japanese-based Internet company, that also happens to be the owners, and operators of one of the most popular messaging application in the country.
The Cryptocurrency Exchange Platform
Bitbox is a crypto-to-crypto exchange platform that is to be exclusive run and operated by Line Tech Plus, a subsidiary of Line Corporation based in Singapore. The platform will allow trading of up to twenty-eight cryptocurrencies.
The cryptocurrencies that will be traded on the platform include, but are not limited to Litecoin, Bitcoin, Bitcoin Cash, and Ethereum. Trading is not limited to Asian markets as users around the globe can also make trades on the platform. The only countries that have been excluded are the United States, Japan, and certain restricted territories.
In addition to supporting twenty-eight cryptocurrencies, the platform will also support up to fifteen languages. They include English, China, and Korean.
Official Communication From Line Corporation On The Cryptocurrencies
According to the statement released by Line Corporation, all the cryptocurrencies that will be traded on the platform are cryptocurrencies that have undergone extensive screening. All these cryptocurrencies have been selected by an internal group of experts. The process was carried out with the aim of ensuring that users only get to trade on cryptocurrencies that are safe, and reliable.
Line went on to insist that it is committed to providing its users with a platform that is not only user-friendly but one that is also secure. Its spokesperson stated that the corporation has over the years built its reputation on being able to provide the best social experience for all its customers.
It now intends to bring its technical know-how, and customer relationship expertise to the digital tokens world through the introduction of the Bitbox exchange. Takeshi Idezawa, Line Corporation’s CEO announced that the company intends to provide users with an exchange that is simplified and easy to use.
The company hopes to achieve this objective without compromising on platform security features. To guarantee user account safety, various risk management and special security procedures have been designed and put in place to ensure that user interests are protected. It is a move that is also aimed at protecting their digital assets.
As a way of further heightening the platform’s security, Line Corporation also integrated a multi-signature technology that is provided by BitGo. BitGo is the market leader when it comes to the development, and deployment of institutional grade security on the blockchain platforms.
Line announced that it would be developing and launching Bitbox in June 2018 at the Line Conference. Its main platform will be released by Line Tech Plus, the Singapore-based subsidiary of both Line Corporation and LVC Corporation. Line is launching Bitbox together with a broad range of other finance-based incentives.
All this is being done with the main aim of making Line Corporation a global leader when it comes to FinTech related matters.
Bitbox will make it easier for its users to access cryptocurrency without having to worry about losing their assets.