On August 6, LVC Corporation, a subsidiary of LINE Corporation < securities code : 3938>, Japan’s leading social media network and operator of LINE’s crypto asset and blockchain-related businesses, began offering LINK, a proprietary crypto asset issued by Singapore-based LINE TECH PLUS PTE. LTD. on BITMAX, a crypto asset exchange targeting individuals living in Japan. LINE TECH PLUS is a subsidiary of both companies.
BITMAX was released on September 17, 2019 as a crypto asset exchange service that can be accessed conveniently through the LINE messaging app in Japan where LINE has more than 84 million monthly active users. BITMAX has become the first crypto asset exchange in Japan to offer LINK, LINE’s proprietary crypto asset. With the introduction of LINK, BITMAX now supports six crypto assets: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and LINK (LN).
It has also been announced that a campaign will be launched to give up to 10,000 yen worth of LINK according to the total amount of crypto assets purchased by users on BITMAX from 12:00 p.m., August 6, 2020 to 9:00 p.m., September 4, 2020.
In Japan, all crypto asset exchanges must register with the FSA. Because BITMAX, which is a registered exchange, has listed LINK, LINK can be regarded as being listed on a white list in Japan.
*This article was written by FISCO.