Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities

Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far.

GMO Launches Live Trading Platform

GMO Coin, the crypto subsidiary of Japanese internet giant GMO, announced Wednesday, September 5, the launch a live trading platform.

The company described:

Currently, only BTC is supported on the live trading platform, with a maker fee of 0% and a taker fee of 0.01%. There is no withdrawal fee and leverage of up to 10 times is available. In contrast, GMO Coin’s brokerage and margin services support BTC, ETH, BCH, LTC, and XRP.

With the new trading platform, traders “can buy and sell up to 2 BTC per order, [and] up to 1,000 BTC per day,” GMO elaborated.

Mining Operation Expanded

On Wednesday, September 5, GMO Internet released the monthly report for its crypto mining business for August.

In August, the total hash rate of GMO’s mining operation was 459 PH/s, an increase from the previous two months. In both June and July, the hash rates were unchanged at 384 PH/s. GMO mined 510 BTC and 25 BCH in August whereas only 568 BTC were mined in July. Since the launch of its mining business, the group has mined 2,984 BTC and 661 BCH in total. The company wrote:

Earlier this month, GMO Internet revealed a shift in priority from in-house mining to selling its 7nm miners, which are expected to start shipping at the end of October.