Japan’s DMM Group sets up bitcoin exchange

DMM Group, a Japan-based eCommerce and Internet holding company is launching a new exchange called DMM Bitcoin.

The new exchange company was established in November 2016 as talks of regulation were being finalized. The company will offer services for Bitcoin, Ethereum, NEM, Ripple, Litecoin, Ethereum Classic, and Bitcoin Cash.

All commissions and exchange trading fees will be 0%, with the cost coming from any leverage used at 0.04% per day. In addition, the company is planning fo 24/7 support. DMM will be the latest now regulated Japanese bitcoin exchange, joining other top firms who received official licenses back in November.

The firm is registered in Japan as Kanto Finance Bureau No. 00010 (virtual currency exchange trader).

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