DMM Group Run Crypto Exchange

January 13, 2018

DMM Group Run Crypto Exchange

The largest dotcom company DMM Group, a Japan-based DMM.com entertainment platform operator, has got its own crypto exchange going. DMM Bitcoin was launched on January 10 with the first trading session to be held on the following day.

The platform deals with 7 currency types: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Nem (XEM), Bitcoin Cash (BCH) and Ripple (XRP). Trading for currency pairs ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC will be available in cash.

According to DMM, the stock exchange uses the platform of Simplex Inc which already cooperated with the companies like BI Holdings, GMO Group, Nomura Securities, Matsui Securities, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Money Partners Group.

DMM makes a tempting offer for traders: everyone gets a perk of 1000 yen (~9$) if signing in during the period from January 11 to March 11. The exchange has instruments similar to those provided to the users of DMM FX, a Forex trading platform. Any depositing or withdrawing of funds is available in Bitcoin, Ethereum and Japanese yen .

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