Japanese Internet Giant GMO launches Live Crypto Trading Platform
On 5 September 2018, the Japanese OGM announced the launch of a live encryption platform through its encrypted company GMO Coin. This is his first live trading platform. The company offered two exchange and encryption services, one being an intermediary service and the other a margin negotiation service. GMO coin refers to the brokerage service as a sales office service and to the margin trading service as a virtual currency FX service. Thus, the live trading platform is the third service offered by GMO Coin.
The company explained that all orders in the exchange are displayed as on-board information and are visible to all investors. You can trade by observing the demand for the purchase and sale of other investors. The GMO coin also explained that with the new live trading platform, traders can buy and sell up to 2 BTCs per order and up to 1,000 BTC per day.
The live trading platform of GMO Coin currently only supports Bitcoin. There is no commission fee charged and there is a leverage available up to 10 times. There is also a producer commission of 0% and a withdrawal fee of 0.01%. It is still early as its co-trading platforms have as support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP).
Extended extraction operation
The company also established several mining plants and extracted nearly 3,000 BTC and over 660 BCH until today. GMO Internet published the monthly report for its mining encryption activity for August on September 5 and it shows that the total hash rate of the mining operation of GMOs was 459 PH / s, which was an increase over the two previous months. In June and July, hash rates were equal to 384 PH / s. While 510 BTC and 25 BCH were drawn in August, only 568 BTC were mined in July.
The company commented stating that their hash rate has significantly expanded since the end of July following the creation of additional mining facilities that run the mining machine of other manufacturers. The GMO has stated that it will continue to introduce the mining machine from other producers to the internal mines. His goal is to testify that his hash rate exceeds 800 PH / s by the end of December.
Information on GMO Internet Group
GMO Internet, Inc. was founded in 1991 and is based in Tokyo, Japan. It has more than 60 companies in 10 countries, including the GMO Coin, which is its Cryptocurrency Exchange business. It provides a wide range of internet services and an e-commerce platform.