DMM Bitcoin, Japan’s New Crypto Exchange, Coming in January

The Japanese internet giant, famous for its forex trading services, will offer seven cryptocurrencies for trading.

DMM.com is to launch its own cryptocurrency exchange, DMM Bitcoin, according to a report in Bitcoin.com.

The company said in a statement: “DMM Bitcoin will launch a new service site for virtual currency trading on January 10, 2018, and we plan to start accepting account opening applications on January 11.”

Announcing details of the exchange, the Japanese internet service provider said that there will be seven cryptocurrencies supported – Bitcoin, Ether, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, and Nem. Leverage will be 4x. The platform will run on your standard home operating systems, and deposits/withdrawals will be made in yen, Bitcoin and Ether.

DMM.com is an internet services company, founded in 1999 and based in Tokyo. Online shopping and rental services are its core business, but it offers products ranging from solar panels to charity auctions. It even has a foreign exchange arm, DMM FX, which is among the largest in the world by trading volume.