BITBOX Digital Token Exchange Begins Operations

BITBOX Digital Token Exchange Begins Operations

LINE Corporation began operations of BITBOX , its cryptocurrency exchange based in Singapore. BITBOX emphasizes a user-centered experience and first-rate customer support, as well as the highest levels of security and transparency.

As a “user-centered exchange”, BITBOX brings LINE’s rich experience with UI and UX design to the exchange platform, creating an intuitive layout that is easier to use, while also offering service in 15 languages.

“LINE has built its reputation on providing a great social experience for our users, and now we intend to bring that know-how to the world of digital tokens with our BITBOX exchange,” said LINE CEO Takeshi Idezawa. “With BITBOX, we intend to have an exchange that is easier to use, while also ensuring we provide extremely strong levels of security.”

The first 2 million customers who register at BITBOX will receive a reward equivalent to US$10 in August which can be used in the exchange. In addition, during the first month of BITBOX operations, registered users will be able to trade assets with zero trading fees for all the listed coins in the exchange.

A Focus on Security and Transparency

LINE has a long-established reputation for cybersecurity and technological expertise, which it has brought to BITBOX. Security and risk management procedures have been designed to protect users’ interests and to ensure the safe management of their assets.

Given BITBOX’s commitment to maintaining user trust, all tokens added to the exchange must go through a very rigorous evaluation process by BITBOX’s screening committee. 

Teaming With BitGo to Protect User Assets 

To provide high levels of security, BITBOX is integrating the multi-signature technology offered by BitGo, the market leader in institutional-grade cryptocurrency security. The BitGo wallet is the only institutional-grade, multi-signature, multi-coin hot wallet. Multi-signature, three-key management removes any single point of failure, and advanced security configurations ensure that assets are secure as they move in and out of the wallet. The BitGo wallet pairs seamlessly with BitGo’s cold storage custody making asset transfer simple and secure.

Announced at LINE Conference 2018 in Tokyo in June, BITBOX allows trading in approximately 30 digital tokens for users around the globe (except in Japan, the United States, and certain restricted territories).

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