Japanese Line plans to launch a cryptocurrency exchange in Singapore

Japanese corporation Line, which owns the most popular instant messenger in the country, is preparing to launch a cryptocurrency exchange in Singapore next month. According to the Financial Times, the company intends to gain an advantage over the competing WhatsApp and WeChat, by intensifying the development of operations in the segment of blockchain technologies and financial services. On the exchange, called Bitbox, users will be able to trade more than 30 cryptocurrencies. Commission, which Bitbox plans to collect, will amount to 0.1%. Line also applied for the launch of the cryptocurrency exchange in the United States.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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