Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront
Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.
The team from Bitbox released a notice on Feb.27, announcing that the exchange will be launched from the U.S under the new name BitFront.
BitFront is operated by LVC USA, the U.S. subsidiary of LVC Corporation, Line’s digital asset- and blockchain-focused arm.
From the time of the announcement, users have been automatically redirected from the old BitBox to the new BitFront URL, where a series of notices have been set up to keep users informed of the platform’s changes, all of which are in immediate effect.
With the new launch, the team at Bitfront have made a temporary promotion for US citizens in all states except Hawaii, Nevada and New York. The Special promotion offers zero fee USD fiat wire transfer deposits. All deposits made during the promotion period will incur zero deposit fees, with no limits on deposit amounts or the number of deposits.
To mark the launch period, zero-fee U.S. dollar fiat wire transfer deposits are now temporarily on offer for residents in approved U.S. states, after which regular, fee-based dollar deposits and withdrawals via Automatic Clearing House or wire transfer will open.
With the launch of Bitfront, the LVC Corporation now operates two crypto exchanges worldwide.
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