Japan’s Coincheck adds Lisk to its offering

Japan’s Coincheck adds Lisk to its offering

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Coincheck, the Japanese cryptocurrency exchange operated by ResuPress, announced it is adding the new cryptocurrency Lisk (LSK) to its portfolio.

Users can now trade in and transfer it, just like the other cryptocurrencies offered by Coincheck – the Bitcoin, Ether and DAO, which were added earlier this year. Users can trade the Lisk against Bitcoin and JPY.

It seems that the Japanese enthusiasm for cryptocurrencies is endless, as the Lisk was only launched on May 24, 2016. It, however, skyrocketed fast and as of July 11 ranks as the ninth most popular cryptocurrency in terms of market capitalization, with $ 32,139,600, according to the site Coinmarketcap.com. In the past 24 hours the Lisk trading volume was $1,814,230.

lisk chart
Source: Coinmarketcap.com

Unlike the other major cryptocurrencies like Bitcoin, Ether, Ripple and Litecoin, for example, the Lisk is designed for application developers so that in its blockchain system can be integrated many other Java-based applications, including even games, social networks and “the internet of things” – network-connected everyday objects.

Coincheck was launched in September 2014 as a transaction processor for the e-commerce industry. As of this February it had monthly transactions of more than USD 28 million and more than 1300 merchants using its Bitcoin payment solution.

In November 2014, Coincheck launched its exchange service aimed at everyday consumers making smaller trades for fiat currencies. It also has a wallet service and a Bitcoin-based crowdfunding platform. In March this year Coincheck teamed up with the major Japanese online entertainment and electronic store DMM.com, which started accepting Bitcoin as payment.

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