“LINE Launches Its Crypto Exchange In Japan”
Messaging app LINE has officially launched a cryptocurrency exchange service for its 80 million users based in Japan, days after the platform received final regulatory approval. The Shinjuku-based messaging provider, which is 73.36-percent owned by South Korea’s Naver, said in a statement on Tuesday that the new exchange, dubbed Bitmax, is now live with trading of five crypto assets: bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC). According to the statement, the service was introduced in stages from 3 p.m. Japan time on Tuesday and is available first on Android devices. It can be accessed via the wallet tab on the LINE mobile app and is also integrated with LINE Pay to provide an easier Japanese yen fiat on-ramp process.
“Huobi To Expand Into Argentina”
Huobi Group, a Singapore-based company behind one of the largest cryptocurrency exchanges in the world, announced the plans to launch a platform for trading digital assets in Argentina. The new exchange will hire local teams to promote cryptocurrency trading services that will allow trading and converting Argentine peso to cryptocurrency, according to the official press-release. The new platform is expected to go live in mid-October. It will introduce fiat gateway for purchasing digital coins with local fiat currency via credit card, wire transfer, and some regional digital payment providers like Mercadopago.
“Dash To Go Live On Coinbase Pro”
One of the world’s most popular, Dash, has been listed on Coinbase Pro on Monday, September 16th. This is the latest addition of a new Crypto market pair on the second-largest Crypto trading platform with over 30 million users. Historically, the listing of new Virtual Assets on Crypto markets creates bullish conditions leading to price surges for the respective Digital Currencies. The first stage is the transfer-only phase where traders are only allowed to deposit Dash Tokens. Secondly, the post-only stage follows where traders float sell or buy orders. The third stage is the limit-only stage where investors can only trade up to the set number of Tokens. Lastly, the full-trading phase allows investors to transact market pay without restrictions.
“VanEck Solid ETF Application Withdrawn”
The VanEck, SolidX super team has withdrawn its proposal for a Bitcoin exchange-traded fund (ETF), according to an SEC filing issued earlier today. The VanEck investment firm and blockchain startup SolidX have faced numerous denials and delays from the SEC in its attempt to publicly list shares of its Bitcoin Trust. Its latest proposal was headed for a final deadline of October 18—and, in all likelihood, yet another denial. But by pulling its proposal now, VanEck and SolidX are able to re-file their proposal at a later date and, in effect, reset the clock.