According to a recent official press release, LINE,thatlaunched BITBOX earlier inJuly,would be offering trading against 3 digital assets namely – Bitcoin [BTC], Ethereum [ETH] and Tether [USDT] – out ofa totalof around 30presentlyaccessiblelisted crypto currencies on the exchange. However, BITBOXdoesn’tprovidefiat trading.
In the coming future, LN holderswould beable topaytheir holdings in LINE’sdecentralizedapplication ‘DApp’ system,conjointlypresentlyunderdevelopment, the press release furtheradded:
“We’remore than happythat usersarecurrentlyable totrade LN on BITBOX,thatmay be amajorleap forward in our plans forcreatingatoken economy.”
Adding further the CEO of LINECorp. ‘Takeshi Idezawa’ commented:
“Weassumeit’snecessaryto pushco-creation and mutual growth with LINK,whereasguaranteeingBITBOX continues to develop as aeasyplatform that addspricetothose thatuse it and contribute to our services.”
Along with promotional activitiesincludingan airdropof TRON [TRX] tokens for LN holders, the move marksthe neweststepwithin thecompany’scontinuedefforts to embrace the crypto economy.
As reported earlier in Aug., LINE’s Hong Kong-based subsidiary Unblock launched a $10 Mln “corporate token fund” with the aim of “boostingthe eventand adoption of cryptocurrencies and blockchain technology.”
However separately,internetconglomerate GMOInternetCo. Ltdrevealed itsplans earlier this month to launch a cryptocurrency stablecoin pegged tothe Japanese‘Yen’.