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Japan’s LINE Starts Crypto Lending Service

Amy Liu

Summary: Between Oct. 7- Oct. 30, the company will run a campaign that will let users earn up to 10% per annum of the fee from the lending service, according to a statement filed by LINE at the Tokyo Stock Exchange on Tuesday, CoinDesk Japan reported.  LINE is a popular messaging app in Japan, with more than 80 ...

Between Oct. 7- Oct. 30, the company will run a campaign that will let users earn up to 10% per annum of the fee from the lending service, according to a statement filed by LINE at the Tokyo Stock Exchange on Tuesday, CoinDesk Japan reported. 

LINE is a popular messaging app in Japan, with more than 80 million local users. LVC, the crypto exchange operator and blockchain business unit of LINE, is launching a service that allows users to lend crypto assets like bitcoin and ethereum to its exchange BITMAX. 

Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC) and Bitcoin Cash (BCH) are eligible for the lending service. 

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