PlayIconNav
BTC
$98,713.06+1.18%
ETH
$3,346.51+1.15%
SOL
$259.54+6.69%
BNB
$625.11+1.00%
XRP
$1.46+28.79%
DOGE
$0.40898849+6.47%
CD20
$3,281.18+7.00%
ADA
$0.90825520+13.68%
TRX
$0.19947566+0.06%
AVAX
$38.81+11.21%
SHIB
$0.00002564+4.69%
WBTC
$98,153.80+1.05%
Ad
Markets
Election 2024

Messaging Firm LINE Makes Own Token Available to Japanese Traders for First Time

The blockchain subsidiary of the messaging app giant has made its LINK (LN) token available to Japan-based traders for the first time.

By Sebastian Sinclair
AccessTimeIconAug 10, 2020 at 7:48 a.m. UTC
Updated Aug 19, 2021 at 3:35 a.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
line-5

The blockchain subsidiary of messaging app giant LINE has made its native token available to Japan-based traders for the first time.

  • Announced Thursday, BitMax – operated by LINE's LVC Corporation – has become the first crypto exchange in Japan to offer link (LN).
  • The token was previously listed on LVC's U.S. exchange Bitfront, which denies access to Japanese traders.
  • The token was launched as a rewards incentive in 2018 for LINE's over 84 million monthly active users, per the company's figures.
  • The company aims to develop an ecosystem in which users of services over LINE's network are rewarded in LN tokens for using decentralized apps, or dapps.
  • LINK is not to be confused with decentralized oracle network Chainlink's token of the same name (and goes by the ticker symbol LINK).
  • LINE's token was previously issued via the firm's proprietary private blockchain network and was listed on the Bitfront exchange (formerly Bitbox) back in August 2018.
  • The token joins five other listed crypto assets on BitMax including bitcoin (BTC), ethereum (ETH), XRP (XRP), bitcoin cash (BCH) and litecoin (LTC).
  • LVC is the operator of LINE's crypto asset and blockchain-related businesses.
  • It launched the BitMax exchange after being awarded a license by Japan’s Financial Services Agency (FSA) on Sept. 6, 2019.
VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.