The Japanese technology company LINE wants to provide for US traders a new “gate” for cryptocurrencies – dollar exchange.
The company, most widely known for the messaging software, declared on Thursday night that the BITFRONT-exchange becomes the base for the crypto currency buying and selling eco-system, which in turn will furthermore give users trading pairs together with US dollar. The innovative North american website varies from the 1st LINE exchange (BITBOX), which features just crypto-currency sets and is located in Singapore, and also Bitmax which is intended only for citizens of Japan.
BITFRONT will be managed by the American subsidiary of LVC Corporation, a subsidiary of the group responsible for business operations related to the blockchain and cryptocurrency LINE. The platform will be open to users from all over the world, with the exception of users from Japan and several selected US states.
The first five supported digital assets will be their own cryptocurrency LINE LINK (not related to Chainlink), as well as Bitcoin (BTC), ether (ETH), Bitcoin cache (BCH) and Tether (USDT). Users will be able to add US dollars through integration with a bank account. The exchange says it will maintain tight spreads and high liquidity by linking its order book to other cryptocurrency exchanges.