According to a recent official press release, LINE, that launched BITBOX earlier in July, would be offering trading against 3 digital assets namely – Bitcoin [BTC], Ethereum [ETH] and Tether [USDT] – out of a total of around 30 presently accessible listed crypto currencies on the exchange. However, BITBOX doesn’t provide fiat trading.
In the coming future, LN holders would be able to pay their holdings in LINE’s decentralized application ‘DApp’ system, conjointly presently under development, the press release further added:
“We’re more than happy that users are currently able to trade LN on BITBOX, that may be a major leap forward in our plans for creating a token economy.”
Adding further the CEO of LINE Corp. ‘Takeshi Idezawa’ commented:
“We assume it’s necessary to push co-creation and mutual growth with LINK, whereas guaranteeing BITBOX continues to develop as a easy platform that adds price to those that use it and contribute to our services.”
Along with promotional activities including an airdrop of TRON [TRX] tokens for LN holders, the move marks the newest step within the company’s continued efforts 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 “boosting the event and adoption of cryptocurrencies and blockchain technology.”
However separately, internet conglomerate GMO Internet Co. Ltd revealed its plans earlier this month to launch a cryptocurrency stablecoin pegged to the Japanese ‘Yen’.