Japanese Internet and Entertainment Conglomerate DMM Group has launched the crypto exchange platform in January. The exchange has been launched under the brand called DMM Bitcoin and the trading on the platform began on 11 January. DMM Bitcoin supports 7 cryptocurrencies and 14 trading pairs. The group is also working to launch another crypto exchange this spring.To add glitters to the grand opening, the group made a huge announcement. The customers who will open an account on the exchange platform will get 1000 yen. The campaign is announced for the time period between 11 January to 11 March 2018. The exchange service available for PC or Android and iOS app.
The seven cryptocurrencies supported by the exchange are Bitcoin (BTC), Litecoin (LTC), Ether (ETH), Ehereum Classic (ETC), Nem (XEM), Bitcoin cash (BCH) and Ripple (XRP). Apart from this fourteen currency pairs availed to the customers on the platform. These pairs include ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC.As per the announcement made by DMM, the exchange is working on the trading platform designed by Simplex Inc. It offers trading methods for all categories of the customers i.e. for general investors, business management systems and dealing system.
Apart from this, DMM also made a major declaration of launching a new crypto exchange called ‘ Cointap’. Next Currency said that the exchange would be released in this coming spring. They defined Cointap as a service that enables the users to purchase and sell virtual currencies through smartphones. Next Currency also added that the exchange would be a platform for those who want to initiate a virtual currency transaction.
Further, the company also claims, ‘Since virtual currency exchanges are so far centralised on the basis of services for people with knowledge and investment experience, hence the platform might get difficult for the new users to use’. Realising this issue, DMM would launch the exchange with a trailer explaining the Cointap working for the investors invading the market for the first time.