■ Users in Korea can trade LINK on Bithumb with Bitcoin
TOKYO – August 13, 2021 – LINE Tech Plus, a subsidiary of LINE Corporation and operator of LINE’s crypto asset and blockchain-related businesses, today made LINE’s crypto asset LINK available on Bithumb, a leading digital asset exchange in Korea.
Bithumb is one of the leading digital exchanges in Korea, with more than a million users on the platform, and offering more than 180 coins for trading. Users in Korea are now able to trade LINK (LN) with Bitcoin on Bithumb. With this exchange, LINK is now listed on LINE BITMAX, BITFRONT and Bithumb.
Details regarding LINK trading can be found on the LINE Blockchain website (https://blockchain.line.me/) and Bithumb website (https://www.bithumb.com/).
LINE has been introducing an array of blockchain services based on LINE Blockchain and its crypto asset LINK, including a blockchain developers’ platform, crypto exchanges and opening a beta version of an NFT market on LINE BITMAX. In addition, LINK has been integrating with LINE’s services, including LINE Score and LINE Securities, as we seek to expand the LINE token economy and blockchain ecosystem.
Aiming to become a blockchain “Designed for Everyone,” LINE plans to continue broadening the ways it uses LINK to further develop a token economy where all participants can grow together.
■ LINK Overview
• Name: LINK (LN)
• Issuer: LINE TECH PLUS PTE. LTD.
• Unit: LINK
• Number of tokens issued: Limited to 1 billion (800 million to be issued as user incentives and 200 million are LTP’s reserves)
• Description: LINK is a crypto asset issued using LINE Blockchain (formerly called LINK Chain), LINE’s proprietary private blockchain network.
■ About LINE
Based in Japan, LINE is dedicated to the mission of “Closing the Distance,” bringing together information, services and people. The LINE messaging app launched in June 2011 and since then has grown into a diverse, global ecosystem that includes AI technology, fintech and more. LINE joined the Z Holdings Group, one of the largest internet service groups in Japan, following the completion of a business integration in March 2021.
■ About Bithumb
Bithumb, which has the largest number of members among Korea’s digital asset exchanges, provides various services such as deposits and staking as well as transactions as a leading digital asset exchange centered on customers based on its rich liquidity, safe trading environment, and transparent operational policies. Starting with the opening of the Bitcoin (BTC) market in 2021, Bithumb provides more than 180 coin transactions and plans to increase accessibility of digital asset markets and provide selected quality information.