Crypto.com X LINE Xenesis: Powers APAC crypto growth

Crypto.com and LINE Xenesis Corporation have partnered strategically to drive crypto technology advancements across the Asia Pacific. The two companies recently signed a Memorandum of Understanding (MoU) to promote the latest cryptocurrency business solutions developed by Crypto.com through the LINE user network.

With over 80 million customers worldwide, Crypto.com has earned a reputation as a trusted regulatory compliance, security, and privacy platform. Their vision, “Cryptocurrency in Every Wallet™,” is focused on accelerating crypto adoption and creating a fairer digital ecosystem for the next generation of builders and entrepreneurs.

On the other hand, LINE Xenesis, a subsidiary of LINE Corp., is a prominent player in Japan’s crypto asset and blockchain-related business development sphere. With its LINE BITMAX, DOSI Wallet, and LINE NFT services, LINE Xenesis aims to make blockchain services more accessible to users.

The primary focus of this partnership is to enhance LINE Xenesis’ licensed crypto offerings within Japan while also setting the stage for Crypto.com and LINE Xenesis to jointly pioneer crypto innovation across the broader Asia Pacific and global crypto industry. 

As part of this collaboration, both companies plan to explore additional crypto and blockchain technology solutions, including strengthening cryptocurrency payment capabilities and integrating NFTs. They also aim to leverage LINE Xenesis’ extensive regional and global affiliate network by providing tailored Crypto.com technology, platform, and product development capabilities.

Previously, Crypto.com has partnered with Samsung to drive global crypto adoption. The collaboration aims to offer a seamless user experience for analyzing and trading cryptocurrencies using the Crypto.com app. This move has sparked interest among new users, given Samsung’s market presence. The integration is expected to yield significant results for both parties in the crypto space.

Eric Anziani, President and Chief Operating Officer at Crypto.com, expressed excitement about partnering with LINE Xenesis, a well-established brand in the APAC market and a leader in blockchain technology development in Japan. Anziani emphasized that enabling real-world utility is essential to their mission of mainstreaming crypto. Through this collaboration, they aim to leverage their expertise to benefit the tech-savvy audience in the APAC region.

Patrick Yoon, General Manager of Crypto.com Korea, highlighted the significant growth potential of crypto in APAC and Japan, where interest and adoption levels are already high. Yoon believes that by joining forces with LINE Xenesis, they will uncover even greater opportunities and make a more substantial impact in these markets.

Lim Inkyu, President and CEO of LINE Xenesis, expressed the company’s interest in collaborating with leading virtual asset industry players. He highlighted the synergies between the partnership and Crypto.com’s vast user base of more than 80 million enthusiastic users worldwide. Inkyu emphasized that this collaboration in the Japanese market is just the beginning, and they aim to explore new business opportunities globally by leveraging the combined technology and knowledge of both companies.

Overall, the collaboration between Crypto.com and LINE Xenesis holds great promise for advancing crypto technology and fostering its adoption in the Asia Pacific region and beyond. As the crypto industry continues to evolve, strategic partnerships like this will play a crucial role in shaping the future of digital currencies and blockchain technology.