Japanese e-commerce giant DMM will engage in mining and crypto exchanges

DMM Group announced its plans to build a large mining farm back in October last year. At the same time, the company created a laboratory that was engaged in research into mining technology.

According to company representatives, the specialized research laboratory DMM Mining Labo should conduct a series of experiments to find ways to increase the efficiency of mining equipment. In particular, the laboratory staff is aimed at finding “the optimal balance between hash power and energy consumption.”

“In the foreseeable future, DMM Mining Labo will strive to achieve the maximum hashrate for our machines. In the long term, DMM, expanding its activities, is exploring options for the manufacture of its original mining machines,” the company says in a statement.

Currently, this corporation is designing unique equipment for the mining of cryptocurrencies. In plans DMM Group is among the ten largest mining companies in the world.

Now the company’s management has made a statement that it is ready to launch a cryptocurrency exchange. The company plans to open the exchange on January 10, 2018, offering users 7 cryptocurrencies, 3 currency pairs for cash sales and 14 pairs for leveraged transactions. Seven supported cryptocurrencies include: Bitcoin (BTC), Ether (ETH), Nem (XEM), Ripple. (XRP), Litecoin (LTC), Ethereum Classic (ETC) and Bitcoin Cash (BCH).   Spot trading will be available in pairs — BTC/JPY, ETH/JPY and ETH/BTC There are no transaction fees, but the leverage fee is 0.04% per day.

User registration is scheduled to begin on January 11, 2018.

The company already has. experience with the crypto exchange, Tokyo Bitcoin Exchange, which is one of the ten exchanges that have received a trading license, has been serving Japanese clients for several months, providing exchange services.

According to https://cryptojournal.ru