LVOn February 28, LINE and LVC, a subsidiary of LINE, which operates virtual currency businesses and blockchain-related businesses, announced that it had started operating its global virtual currency exchange "BITFRONT" on February 27, excluding Japan.
FBITFRONT will be operated by LVC USA, a subsidiary of LVC, and will provide virtual currency transactions and virtual currency transactions in US dollars. The LINE Group has operated a global currency exchange “ BITBOX '' excluding Japan and the U.S. through LINE TECH PLUS, a subsidiary of LVC, since July 2018. BITBOX will be transitioned to BITFRONT in order to expand it as a strategic exchange.
In addition to LINE's unique virtual currency "LINK", there are five supported currencies: Bitcoin, Ethereum, Bitcoin Cash and Tether. Trading is possible in 15 languages except Japanese. BITFRONT also works with other exchanges and order books to secure market depth and reduce ticker spreads. U.S. dollar cryptocurrency transactions can be used by linking with a bank account.
BITIn addition, BITFRON is not available to Japanese nationals and residents, but LVC has already launched the domestic virtual currency exchange “BITMAX”.