LINE's BITMAX Debuts in Japan: What Sets It Apart from Other Exchanges?
As Japan's second-to-last licensed cryptocurrency trading platform, LINE's BITMAX has made its debut on September 17th. Unlike BITBOX, which operates globally except for Japan and the US due to lack of a Japanese operating license, BITMAX is tailored specifically for Japanese users. It offers small-scale transactions starting at just 1,000 JPY (approximately $9) to attract beginners.This move by LINE comes as other major players like Rakuten Wallet and SBI Holdings' SBI VC Trade have also entered the market recently, highlighting the growing appetite for cryptocurrency exchanges in Japan. With its user-friendly platform and compliance with Japanese regulations, BITMAX is poised to become a significant player in the Japanese cryptocurrency ecosystem.