Line Corp is said to be launching a cryptocurrency exchange. This news appeared shortly after Facebook revealed Libra, their digital currency.
Line will receive its cryptocurrency exchange license in the near future, precisely this June. Then the crypto currency exchange will operate several weeks after they get permission.
The exchange of the crypto will be called BitMax, and with its presence, 80 million Line users in Japan can buy and exchange crypto currencies such as Bitcoin and Line's crypto currency called Link.
A cryptocurrency exchange already bears that name BITMAX. Why then should this project names its exchange Bitmax too? Adopting that might be kicked against and will affect a lot of things. So I think another name will be adopted.
Bitmax is the main exchange for Line so there is no relation to adopting the name of Bitmax, and maybe Line will follow Facebook in the future.