LVC Corporation (LVC), operator of LINE’s cryptocurrency and blockchain activities, has announced the launch of a new international exchange, BITFRONT.
LINE arrives in the United States
The new BITFRONT exchange, formerly known as BITBOX , has been redesigned to provide a more sophisticated and enjoyable user experience.
BITFRONT becomes the main exchange platform for LINE’s token economy. Previously, LINE operated the BITBOX exchange, based in Singapore. The latter did not meet the expectations of American regulators and was therefore not authorized to offer its services in the United States.
With this rebranding, the LINE exchange is now accessible from the majority of American states (except Nevada and New York) and is also available in France, while supporting French.
However, due to the complex regulations in effect in Japan, BITFRONT will not be available there. This is not a problem for LINE, however, because the company succeeded in obtaining a business license there and therefore created an exchange specifically for this region, BitMax .
As far as costs are concerned, these are rather advantageous. For transactions involving the LINK token, they are 0.1%. For all other markets, the fees are 0.2% for any transaction.
An opportunity for the LINK token
With BITFRONT, LINE has decided to extend its services and become a full-fledged exchange that includes fiat-to-crypto markets, with the aim of stimulating the use of blockchain by reducing the obstacles to the adoption of cryptocurrency.
Welcoming the launch of BITFRONT, Youngsu Ko, CEO of LVC Corporation, said
“This is a big step towards the massive adoption of the blockchain. As one of the most trusted marketplaces in the ecosystem, we will continue to make blockchain and cryptocurrency more accessible to our users.”
To celebrate the launch and attract new users, BITFRONT is organizing a promotion campaign.
Until March 31, customers based in the United States who have completed the KYC processes will be able to receive rewards in LINK tokens if they exchange or purchase digital goods for more than $ 100.
According to LINE, the LINK can be used by its holders within a wide range of services such as gaming, commerce, tips for content creators and of course decentralized applications (dApps).
Surprisingly, the price of LINK does not seem to be affected by the overall decline that the market is currently experiencing. Since the beginning of February, the price of the token has gone from 8.75 dollars to more than 12 dollars and continues to increase.