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Line Backed Cryptocurrency Exchange To Enter The US Market

Line Backed Cryptocurrency Exchange To Enter The US Market

Line Backed Cryptocurrency Exchange To Enter The US Market-techcryption

Popular South Korean-Japanese chat app operator Line will be launching a trading platform called BITFRONT, which will be available in most American states. BITFRONT exchange will start operation through LVC USA Inc., that promotes the LINE Token Economy concept.

Reportedly, BITFRONT is said to support trading of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Tether (USDT), and LINE’s own virtual currency “LINK”. Additionally, BTC, USDT, and US dollar are adopted as the base currency as the currency pairs differ for each base currency.

“The launch of BITFRONT is a big step to make blockchain development widely spread into society. As the most trusted global cryptocurrency exchange, we will continue to work to make blockchain and cryptocurrencies closer to users.”

Nagae Naga President and CEO of BITFRONT

Notably, Line Groups’ virtual currency exchange, BITBOX, that serves global markets except Japan and the US has relocated its services to BITFRONT. Interestingly, BITFRONT will be supporting 15 languages, including English and Korean.

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Line got its regulatory permission from the Financial Services Agency of Japan last year and has successfully linked its Bitmax services to its chat app in Japan, where it has some 50 million active users.

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