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On June 28, NewsBTC reported that Line has finalized its plans to launch a cryptocurrency exchange by July of this year. Based in Singapore, BitBox, a digital asset exchange developed and operated by Line, will run as a complete cryptocurrency exchange independent of the main messaging platform supporting 30 cryptocurrencies including bitcoin, Bitcoin Cash, Ethereum, and Ripple.

The Line team said in an official statement that initially, the exchange will not provide cryptocurrency-to-fiat trading support. If Line would have had established its trading platform in Japan, by obtaining a license from the Financial Services Agency (FSA), it could have been able to add fiat trading pairs.

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