LINE closes Singapore Exchange Bitbox and launches global platform Bitfront in the US

According to The Block, Japanese communications giant LINE has closed its Singapore cryptocurrency exchange Bitbox and launched a global trading platform called Bitfront. Bitfront is headquartered in the United States and is operated by LVC USA, a subsidiary of LVC Corporation, which oversees LINE's crypto and blockchain businesses. Bitfront supports transactions between fiat and cryptocurrencies as well as transactions between cryptocurrencies. A spokesman for the company said that the new platform is part of LINE's global exchange strategy and that Bitbit's Singapore-based exchange, Bitbox, has been closed after Bitfront obtained a US exchange operating license.