Line, the owner of the popular chat app in Japan, has announced a cryptocurrency trading platform.

The new platform announced by the company “Line” bears the name Bitmax It is operated by the company’s subsidiary LVC in Tokyo.

Line has obtained an official operating permission from one of the country’s largest regulators, the Japan Financial Services Agency.

According to report Issued by Nikkei, Bitmax is only available for Android users, and initially only five cryptocurrencies will be available and supported by the platform:

Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash.

The Line token was not listed on the new platform for regulatory reasons.

Read:Bitcoin dominance drops below 45% and supply in exchanges continues to decline

Line would like to take advantage of its huge user base for its chatting app and enter the crypto world through a trading platform as well as a cryptocurrency wallet.

On the other hand, in a second news, the Huobi trading platform expanded towards opening a trading platform in Argentina.

Where Back In a press statement that the new platform that will open in Argentina will support the Argentine paper currency “pesos” in mid-October, and that it will enable Argentine users to use credit card and bank transfer.

Carlos Banfi, CEO of Huobi Argentina, stated:

“Argentina is the most promising market in South America for blockchain development.

There is already a general consensus to get out of dependence on the local currency and banks.”

Huobi confirmed that it is in talks with top financial officials in Argentina to discuss the role cryptocurrencies will play in the country’s economic development.

Read:KuCoin hackers found who stole $281 million in cryptocurrency

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