Japanese e-commerce and entertainment giant DMM Group has launched its crypto exchange, supporting 7 cryptocurrencies and 14 trading pairs. The group is also preparing to launch another crypto exchange this spring aimed at inexperienced investors.
DMM’s Crypto Exchange Launched
To commemorate the grand opening, the exchange is giving away 1,000 yen (~$US9) to all customers who open a new account during the campaign period between January 11 to March 11.
DMM Bitcoin promotional material.
Customers can trade on their PC or use an Android or iOS app. The platform supports bitcoin (BTC), litecoin (LTC), ether (ETH), ethereum classic (ETC), nem (XEM), bitcoin cash (BCH), and ripple (XRP). Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered; they are ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC.
According to DMM’s announcement, the exchange is using a trading platform provided by Simplex Inc. called “Simplex Cryptocurrency.” This platform offers trading tools for general investors, business management systems, and a dealing system.
Another DMM’s Exchange Coming Soon
In addition, a subsidiary of DMM Group is launching a new cryptocurrency exchange. Next Currency Inc announced earlier this week that it has filed with the Japanese financial authority to register a new exchange called Cointap.
Planned to launch this Spring, Next Currency described, “Cointap is a service that allows you to easily buy and sell virtual currencies from smartphones,” adding that it is “best suited for those who want to start virtual currency transactions such as bitcoins.” Furthermore, the company claims:
Since virtual currency exchanges so far are centered on services for people with knowledge and investment experience of virtual currency, they are fashionable but difficult to understand and difficult to use.
Citing that there are many inexperienced investors who do not know how to buy or sell, the DMM subsidiary explained Cointap will be tailored for investors entering the market for the first time.
Source from News.bitcoin/Images from Shutterstock, Simplex Inc, DMM Group, and Cointap.