The Japanese giant e-Commerce DMM Group launched its own cryptocurrency exchange called DMM Bitcoin.
In September 2017 DMM began to engage in mining, and 11 Jan opened its own exchange, which is available 7 and 14 of cryptocurrency trading pairs.
DMM Bitcoin has a potential customer base of 27 million existing customers of DMM in addition to external sources. Now offered for trading Bitcoin, Ethereum, Litecoin, NEM, Ripple, Ethereum and Bitcoin Cash Classic.
At the moment, is active advertising campaign of the new exchange – the first was the participants are offered various bonuses, including 1,000 yen on the balance sheet and becomesone trades on some pairs.
Commenting on the launch, English podcast Thinking Crypto said the new exchange will need about a week to its volume began to have an impact on prices.
Cryptocurrencies in Japan
Cryptocurrency exchanges have become a major business sector in the economy of Japan over the last six months, with the introduction of licensing schemes, which generated considerable interest among old and new players.
The government is also well aware of the benefits that bitcoin can potentially have on the culture of consumption in this country. In the past month, analysts from Nomura Agency even suggested that, thanks to bitcoin and transactions with him to Japan’s GDP increased 0.3 percent.