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Line Plans Expansion Into Crypto Trading and Insurance

  • Japan’s biggest messenger creates a financial holdings company
  • Line applied for cryptocurrency exchange license in Japan
Line Corp. Holds Showcase Event

Photographer: Kiyoshi Ota/Bloomberg

Line Corp., Japan’s biggest messaging service, is expanding into cryptocurrency trading, insurance and other financial services, according to people familiar with the matter.

The company established a financial holdings firm and plans to launch the offerings in its main Asian markets and beyond pending regulatory approval, the people said, asking not to be named because the information is private. Line has already applied for a license to open a cryptocurrency exchange in Japan and is planning to expand to Hong Kong and Luxembourg.