[2018-01-12] Japanese E-Commerce Giant Launches 7-Asset Cryptocurrency Exchange

[cybersofts]

Japanese E-Commerce Giant Launches 7-Asset Cryptocurrency Exchange



Japanese e-commerce conglomerate DMM Group has launched a homegrown cryptocurrency exchange called DMM Bitcoin in a second market venture.

Following the release of its mining operation in September 2017, DMM formally opened its exchange orderbook Thursday Jan. 11, offering seven cryptocurrencies and 14 trading pairs.

DMM Bitcoin has a potential customer base of 27 mln existing DMM clients in addition to outside interest. Currently on offer are Bitcoin, Ethereum, Litecoin, NEM, Ripple, Ethereum Classic and Bitcoin Cash.

The company’s announcement of the exchange promises promotional benefits to early sign-ups, including a 1,000 yen account credit and select fee-free operations.

The project had been in the pipeline for several months and comes as Japan continues to cement its status as the world’s new regulated cryptocurrency trading hub.

Commenting on the launch, English-language podcast Thinking Crypto forecast that it would be around a week until the exchange’s volume was reflected in prices.


Crypto in Japan

Cryptocurrency exchanges have become big business for Japan’s economy over the past six months, with the introduction of a licensing scheme that has attracted considerable interest.

Pundits are also keenly aware of the benefits Bitcoin potentially holds for consumer culture. Last month, analysts from Nomura even suggested Bitcoin was adding 0.3 percent to Japan’s GDP.


Source: https://cointelegraph.com/news/japanese-e-commerce-giant-launches-7-asset-cryptocurrency-exchange

[1714677138]

1714677138

[1714677138]

1714677138

[1714677138]

1714677138

[1714677138]

1714677138

[Kemarit]

This is welcoming news, initially I thought that Japan will open up 2 exchanges only. However, I'm very wrong, although its not surprising that Japan is really opening local exchanges as the crypto market is really booming and they are leading the pack now. I'm pretty sure that Japanese and the crypto world in general to see exchanges opening in Japanese as we all know that South Korean market is suddenly turning against bitcoin.

The company’s announcement of the exchange promises promotional benefits to early sign-ups, including a 1,000 yen account credit and select fee-free operations.

They even have a self promotion. LOL. Japanese really know how to market their product. I think this opening will really trigger another bull run because it will open doors to a lot of Japanese traders who is eager to join the bandwagon.

[Kakmakr]

This is welcoming news, initially I thought that Japan will open up 2 exchanges only. However, I'm very wrong, although its not surprising that Japan is really opening local exchanges as the crypto market is really booming and they are leading the pack now. I'm pretty sure that Japanese and the crypto world in general to see exchanges opening in Japanese as we all know that South Korean market is suddenly turning against bitcoin.

The company’s announcement of the exchange promises promotional benefits to early sign-ups, including a 1,000 yen account credit and select fee-free operations.

They even have a self promotion. LOL. Japanese really know how to market their product. I think this opening will really trigger another bull run because it will open doors to a lot of Japanese traders who is eager to join the bandwagon.

To be honest, I hope the Japanese will blow away the competitors in the Asian markets. They were the first to accept Bitcoin as a currency and now they are opening the door to more Crypto currencies. I would have like that they only support Bitcoin, but that would be unfair to other Alt coins out there.

Japan will carry the torch in the Asian regions. ^smile^