The giant LINE, a communication app to make free calls or send messages launched its cryptocurrency exchange called Bitbox. The exchange offers coin offerings as well as a robust security for the user’s assets.
LINE also launched their own token economy ecosystem and their own token called LINK. The token can be used for trading, pay trading fees, getting discounts and participating in airdrops based on LINK ownership.
Their new exchange will be called Bitmax. This exchange will allow the 80 million customers of LINE to buy and sell a few major cryptocurrencies. LV Corp got their license by the FSA and they are now allowed to trade BTC, ETH, BCH, LTC and XRP on their new platform.
Bitmax offers a lot of liquidity by making use of their partners as well as reaching out to foreign trading partners who will support the liquidity for the platform.
Bitmax allows users to ‘mine’ through trading on the platform, transaction fees will grant users a certain amount of BTMX, the token of the exchange.