• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Japan’s Top Chat App Line to Launch Crypto Exchange

Martin Young by Martin Young
3 years ago
in Cryptocurrency news
Reading Time: 2min read
line Clova
Advertisement

Despite a current downturn in the markets and the mass dissemination of FUD by mainstream media the interest in crypto remains strong. The latest company to get on the blockchain bandwagon is Japanese messaging platform Line.  

In a statement today the Tokyo based company announced that it has filed an application for a license to register a crypto exchange with Japan’s financial regulator. According to reports the application is currently under review. Line is best known for its stickers and characters that have their own merchandise outlets across Southeast Asia.

Financial services and trading

In addition to a native crypto exchange within the app the company intends to launch a variety of financial services. The new initiatives which include loans and insurance will be operated by Line Financial, a subsidiary established earlier this month. Line already has a payments system built into its app called Line Pay with an estimated 40 million users. The company claims the global transaction volume from the digital wallet reached $4 million last year.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Line has over 200 million users with at least 25% of them in Japan alone. The chat and messaging service is also wildly popular in Thailand where half the population uses it and Indonesia is a close third with 30 million users. In comparison crypto exchange Coinbase only has around 13 million registered accounts and trading brokerage Robinhood around 3 million.

Crypto bandwagon

The company is upping its efforts to compete with rivals Facebook which owns Messenger and WhatsApp and crypto is hot property at the moment. According to a statement Line is also hiring blockchain experts and;

“hopes to become a leader in the FinTech industry as the world moves increasingly towards a cashless wallet-less society.”

Its $1.1 billion US-Japan IPO in 2016 failed to gain traction across the rest of the world so the firm has focused on its core markets in Asia. Japan is currently one of the most crypto friendly nations in the region as others such as South Korea continue to clamp down. Thailand is also open to ICOs and crypto trading despite the presence of a ruling military junta.

Line could be the largest consumer-focused organization to get into crypto lately. Russian rival messaging platform Telegram with 150 million users is also looking towards a record breaking ICO to launch its own cryptocurrency and Facebook are sniffing around blockchain solutions of their own.

Cryptocurrencies may be down today but the markets are heating up.

Tags: crypto exchangefacebookjapanLinemessaging appMessengerthailand
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Bitcoin BTC

Why Bitcoin below $60K could be a great buying opportunity

3 hours ago
Ethereum ETH ETHUSD

How Ethereum’s gas fees could be on a lasting downtrend

4 hours ago
Cardano ADA ADAUSDT

Why ADA could run hotter than Bitcoin and make 10x gains

5 hours ago
Value Network

Value Networks’ Binary Options on Qtum Blockchain Experienced 200x Growth in DeFi

18 hours ago
OlympusDAO OHM

Why this OlympusDAO’s product could be amongst DeFi most lucrative

1 day ago
Bitcoin BTC BTCUSD

How Bitcoin back above $60,000 could create a powerful upside move

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Two Leading Russian Media and PR Agencies United Into One Full Cycle Advertising Agency

April 9, 2021

Southampton FC Extend Partnership Deal with Blockchain Leader the Coingaming Group

April 9, 2021

Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform

April 9, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.