DMM Group, Japanese internet and entertainment conglomerate has launched a cryptocurrency exchange under the brand name DMM Bitcoin. The platform began trading on Thursday January 11.
The platform supports bitcoin, litecoin, ethereum, ethereum classic, nem, bitcoin cash and ripple. Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered:
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.
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.
In addition, Next Currency Inc, a branch of DMM Group, is launching a new cryptocurrency exchange called Cointap.
The company added that Cointap will be tailored for investors entering the market for the first time.