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LINE to Introduce LINK Token Trading in April in Japan

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LINK

LINK

Over the past few years, many companies have launched their own tokens, and one of the latest to hit the crypto markets is the LINK token. It is the proprietary crypto token that belongs to the Japanese messaging behemoth LINE’s crypto services subsidiary LVC Corporation. LINK’s appearance is a testament to the sort of resurgence that has happened in altcoins in recent times.

Major Boost

LVC Corporation announced that trading in the token is going to begin in Japan this April. This could well prove to be another major opportunity for crypto traders in Japan who are always on the lookout for the next big thing.

In this regard, it is important to point out that the LINK token is already available to traders who use the BitBox crypto exchange, which is the international crypto offering from LINE. LINK has been available on BitBox since as far back as October 2018.

The technology behind the project is quite interesting. The cryptocurrency allows a holder to use a large number of services and decentralized applications, and those are some of the factors that make it unique in the crypto sphere.

The emergence of LINK is another example of the rise in the number of cryptocurrencies that are linked to messaging services. In addition to LINK, some of the other cryptocurrencies linked to messaging apps are those created by Telegram and the upcoming stable coin from social media behemoth Facebook.

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It has now become quite clear that messaging services have managed to build their very own sub-economy of sorts in the crypto sphere. It is likely that many other tokens might be launched in the near term. At the end of the day, many of these companies are backed by giant corporations, and the LINK token is the latest in a relatively long line.

Featured image: DepositPhotos © tomwang

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LINE Gets Crypto Exchange License from Japan Regulators

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LINE

LINE

The crypto exchange space has evolved at a lightning speed over the past few years, and much of that is due to the fact that cryptocurrencies are now traded by a much larger pool of people. Hence, there is also a need for the creation of more crypto exchanges so that people can easily buy, sell, and trade cryptocurrencies. The rally enjoyed by Bitcoin and the wider crypto space this year has necessitated the development of many new crypto exchanges due to heightened demand.

Solid Boost

In a new development, it has emerged that Japanese messaging service giant LINE has been awarded a license by the authorities to launch its own crypto exchange.

Japan has been one of the most progressive nations when it comes to the creation of an effective crypto ecosystem, and this year is another example of it. The path-breaking news was first reported in the Japanese edition of CoinDesk. The Financial Services Agency of Japan stated in its website that it had granted the license to the entity named LVC Corp today.

LVC Corp is the subsidiary that ultimately controls the crypto token and blockchain business that belongs to LINE. The company stated last month that it is interested in building what it terms as a ‘token economy’ and wants to use its blockchain named LINK Chain for the purpose.

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When it comes to establishing a crypto exchange, the primary headache of most exchanges is actually bringing in a substantial number of users and creating the sort of liquidity that can attract more users. It takes a lot of time to accomplish. However, in the case of LINE, it may not be that difficult.

The company already has as many as 80 million users in its messaging service, and if it can leverage a certain percentage of that user base, then the crypto exchange will have a readymade pool of users to draw from.

Featured image: DepositPhotos © sinenkiy

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