The Japanese conglomerate DMM Group launched a cryptocurrency exchange – DMM Bitcoin. DMM, an internet services and entertainment company, was founded in 1999. New exchange started trading on January,11 and supports 7 cryptocurrencies and 14 trading pairs. It is Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH),Ripple (XRP), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Nem (XEM).
To commemorate the opening, every new customer will get the reward 1000 yen (approx. $9) during the period between January 11 to March 11.
In addition, customers can trade using PC or use smartphone applications (Android and iOS).
According to DMM, the exchange uses the trading platform provided by Simplex Inc. called Simplex Cryptocurrency. This platform offers trading tools for investors. Simplex provides securities and currency trading systems for major banks and financial companies such as SBI Holdings, Nomura Securities, Matsui Securities, Bank of Tokyo-Mitsubishi UFJ, GMO Group and some others.
Recently, the company began offering a system of cryptocurrency trading, and DMM Group became the first customer.