Japanese messaging giant LINE has shut down its Singapore Crypto Exchange BitBox and launched a global platform called BitFront. Based in the United States and currently trading five coins, including bitcoin and ether, BitFront is presently not available for users in New York, Hawaii, and Nevada.
BitFront is operated by LVC USA, the US subsidiary of LVC Corporation, Line’s digital asset and blockchain arm. BitFront provides fiat-to-crypto and crypto-to-crypto gateways. LINE claims to have a global customer base of 186 million monthly active users.
Users are now automatically redirected from BitBox to the BitFront URL. A series of notifications inform them in there about platform changes.
BitBox iOS and Android trading applications are no longer online.
LVC Corporation CEO Youngsu Ko says it is a “big step toward massive blockchain adoption”.