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Bitbox is a cryptocurrency exchange platform recently introduced by Line Corporation. Line is an Internet company based in Japan, which is also the owners and operators of one of the most popular messaging applications in the country.
The cryptocurrency exchange platform
Bitbox is a crypto-cryptographic exchange platform that must be managed exclusively and managed by Line Tech Plus, a subsidiary of the Line Corporation based in Singapore. The platform will allow trading of up to twenty-eight cryptocurrencies.
The cryptocurrencies that will be exchanged on the platform include, but are not limited to Litecoin, Bitcoin, Bitcoin Cash and Ethereum. Trading is not limited to Asian markets, as users all over the world can also trade on the platform. The only countries that have been excluded are the United States, Japan and some restricted territories.
In addition to supporting twenty-eight cryptocurrencies, the platform also supports up to fifteen languages. They include English, China and Korean.
Official Communication from Line Corporation On The Cryptocurrencies
According to the statement issued by the Line Corporation, all cryptocurrencies that will be exchanged on the platform are cryptocurrencies that have undergone extensive screening. All these cryptocurrencies have been selected by an internal group of experts. The process was designed to ensure that users can negotiate on cryptocurrencies that are safe and reliable.
Line has continued to insist that it is committed to providing its users with a platform that is not only user-friendly but also secure. His spokesperson stated that the company has built over the years its reputation of being able to provide the best social experience for all its customers.
Now it intends to bring its technical know-how and its experience in the relationship with customers in the world of digital tokens through the introduction of the Bitbox platform. Takeshi Idezawa, CEO of Line Corporation, announced that the company intends to provide users with a simplified and easy-to-use exchange.
The company hopes to achieve this without compromising the platform's security features. To ensure the security of user accounts, various special risk and security management procedures have been designed and implemented to ensure that users' interests are protected. It is a move that also aims to protect their digital assets.
To further increase platform security, Line Corporation has also integrated a multi-signature technology provided by BitGo. BitGo is the market leader for the development and implementation of institutional level security on blockchain platforms.
Line announced that it would develop and launch Bitbox in June 2018 at the Line Conference. Its main platform will be released by Line Tech Plus, the Singapore-based subsidiary of Line Corporation and LVC Corporation. Line launches Bitbox along with a wide range of other financial incentives.
All of this has been done with the main goal of making Line Corporation a global leader when it comes to issues related to FinTech.
Bitbox will make it easier for its users to access the cryptocurrency without having to worry about losing its resources.
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