Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
GMO Launches Live Trading Platform
GMO Coin, the crypto subsidiary of Japanese internet giant GMO, announced Wednesday, September 5, the launch a live trading platform.
The company has been offering two crypto exchange and trading services but never had a live trading platform until now. Its two existing services are a brokerage service and a margin trading service. GMO Coin calls the former a “sales office” service and the latter a “virtual currency FX” service. Wednesday’s live platform launch introduces the third service GMO Coin offers.
The company described:
On the exchange, all orders are displayed as board information. Since you can see all the [order] quantities…you can trade while seeing the buying and selling demand of investors other than yourself.
Currently, only BTC is supported on the live trading platform, with a maker fee of 0% and a taker fee of 0.01%. There is no withdrawal fee and leverage of up to 10 times is available. In contrast, GMO Coin’s brokerage and margin services support BTC, ETH, BCH, LTC, and XRP.
With the new trading platform, traders “can buy and sell up to 2 BTC per order, [and] up to 1,000 BTC per day,” GMO elaborated.
Mining Operation Expanded
On Wednesday, September 5, GMO Internet released the monthly report for its crypto mining business for August.
