Japan’s DMM Bitcoin Exchange Opens For Business With 7 Cryptocurrencies

A crypto-exchange has been launched by Japnese huge name in the world in entertainment and e-commerce DMM group, which is supporting 7 cryptocurrencies and 14 trading pairs. This group is also making plans to launch another crypto exchange sooner, especially for the rookie or first-time investors.

The special appeal of this launch is that it is giving 1,000 yen to all those customers who will be opening their accounts during the period 11 January to 11 March, which is the campaign period of DMM group. Costumers have options to trade using PC, iOS app or Android mobile phones.

This exchange supports Bitcoin, Ether, Latecoin, Ethereum Classic, New, Ether Bitcoin Cash, and Ripple. Fourteen currency pairs are available on this platform for trading. With 7 coin trading for yen, they are also offering 7 crypto to crypto trading pairs. These are BCH/BTC, ETH/BTC, ETC/BTC, ETC/BTH, LTC/BTC, XEM/BTC and XRP/BTC. The trading platform called ‘Simplex Cryptocurrency’ provided by Simplex Inc. is used for the exchange according to the announcement by DMM. This exchange provides tools for trading for business management systems, general investors, and a dealing system.

To major banks and financial services companies like Mizuho Bank, SBI Holdings, Money Partners Group, GMO Group, Bank Of Tokyo-Mitsubishi UFJ, Nomura Securities, and Matsui Securities, Simplex has been providing securities and systems for trading. This company has freshly started offering cryptocurrency trading systems DMM Group being its maiden customer for it.

Another DMM Exchange Soon To Come
With the cryptocurrency exchange, a subsidiary of DMM Group is launching another cryptocurrency exchange known as Next Currency INC that with Japnese financial authority it has filed to register a brand new exchange called Cointap.

Planned to be launched in the spring season, ‘Cointap is that service which will offer easily buy and sell virtual currencies using smartphones’. The company has claimed that Cointap ‘’is best suited for those who want to start virtual currency transactions such as Bitcoins’.

Laying emphasis on the point that there are a number of freshly minted investors who do not know how to sell or buy, DMM subsidiary has said that Cointap is tailor-made for investors who will be entering the market of cryptocurrency for the very first time.