Line Defies Cryptocurrency Bears to Open Exchange in Singapore
- Bitbox will open in July and handle more than 30 virtual coins
- Service will be available worldwide, except in Japan and U.S.
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Line Corp., Japan’s biggest messaging service, is opening a cryptocurrency exchange next month even amid Bitcoin selloff that’s fueled pessimism over the future of virtual currencies.
The exchange, called Bitbox, will offer trading between more than 30 virtual tokens including bitcoin, ethereum, bitcoin cash and litecoin, but not fiat currencies, the Japanese company said at an annual strategy briefing in Tokyo on Thursday. The website will be available in 15 languages to users worldwide, except for those in Japan and the U.S. Bitbox will charge a 0.1 percent trading fee.