We talked a lot about the opening of the new exchange based in Japan, launched by the entertaiment and e-commerce giant DMM. Now the exchange has finally opened, and its 24 million customers can finally exchange the most famous cryptocurrencies.
Customers will be able to trade on PC or use an Android or iOS app. The platform supports bitcoin (BTC), litecoin (LTC), ether (ETH), ethereum classic (ETC), nem (XEM), bitcoin cash (BCH), and ripple (XRP). Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered; they are ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC.
We keep a close watch on the impact that this new exchange will have, as thanks to its large clientele it can really change the balance of the cryptocurrency market in the medium and long term.
In addition, DMM Group is launching another cryptocurrency exchange, that will be easier to use for small investors and those who haven’t enough experience in cryptocurrency trading. The name of the exchange is going to be Cointap. The company said:
“Cointap is a service that allows you to easily buy and sell virtual currencies from smartphones, and it is best suited for those who want to start virtual currency transactions such as bitcoins. Since virtual currency exchanges so far are centered on services for people with knowledge and investment experience of virtual currency, they are fashionable but difficult to understand and difficult to use.”