Japanese giant GMO Internet has made several announcements over the last two days. The first is the addition of four cryptocurrencies to its crypto exchange margin services. The second is the launch of the GMO crypto wallet for both iOS and Android platforms. The third is the launch of Cryptochips, which enables the distribution of crypto rewards within participating game apps.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Upgrading Margin Services
GMO Coin, the cryptocurrency exchange subsidiary of GMO Internet, has added four cryptocurrencies to its margin trading services. From Wednesday, May 30, customers can start trading “ETH/JPY, BCH/JPY, LTC/JPY, [and] XRP/JPY” in addition to the existing BTC/JPY offering on the exchange’s cryptocurrency FX platform used for leveraged trading.
For BTC/JPY, the exchange offers 5x and 10x leverages. For the four new pairs, the exchange only offers 5x leverage. While there is no transaction fee, there is a leverage fee of 0.04% per day. The required margin for all pairs is the Japanese yen equivalent of 20%.
GMO Coin Crypto Wallet
GMO Coin also announced on Wednesday the launch of its “GMO Coin Virtual Currency Wallet” app for Android. Then, on Thursday, the company announced the release of its wallet iOS app.
Using GMO’s wallet app, customers can buy, sell, and transfer cryptocurrencies as well as use it to deposit and withdraw Japanese yen at a bank account linked inside the app.
Customers can also open an account at the exchange through the app as well as check prices of five supported cryptocurrencies: BTC, ETH, BCH, LTC, and XRP.
Cryptochips by GMO
On Thursday, May 31, GMO Internet announced that it has created “Cryptochips by GMO” that “enables the distribution of cryptocurrency as remuneration” within gaming apps.
