One of the most famous japanese e-commerce sites, DMM Group, has set to open a new cryptocurrency exchange on January 11. According to the company the name will be DMM Bitcoin.

“DMM Bitcoin will launch a new service site for virtual currency trading on January 10, 2018, and we plan to start accepting account opening applications on January 11.”

The Group it’s not new to crypto trading; previously they were using a platform called Tokyo Bitcoin Exchange Inc., and soon became one of the few exchanges to be approved in Japan at this moment. Tokyo Bitcoin Exchange has been renamed DMM Bitcoin and will start to operate under this name in a few days.

They will open their doors with 7 cryptocurrencies: Bitcoin, Bitcoin Cash, Ether. Nem, Ripple, Litecoin and Ethereum Classic

The 7 supported cryptocurrencies are bitcoin (BTC), ether (ETH), nem (XEM), ripple (XRP), litecoin (LTC), ethereum classic (ETC), and bitcoin cash (BCH). Spot trading is available for trading pairs – BTC/JPY, ETH/JPY and ETH/BTC. Leverage of 5x is available for 14 trading pairs. There is no transaction fee, but the leverage fee is 0.04% per day