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LINE Xenesis Corporation — Japan crypto-asset-exchange operator overview

Confidence: Likely Updated 2026-05-25 Review by 2026-08-08 Sources 5 Machine-translated Original (JA)
#fintech#jp-crypto-exchange#vasp#service-termination#imminent-closure-2026-06
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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.

FSA registration number: Kanto Local Finance Bureau 第00017号 · JVCEA member #1020 · registration date 2019-09-06

⚠ Full service termination planned for noon on 2026-06-01 (abolition of the crypto-asset-exchange business) — as of 2026-05-25 this page is recorded with status: candidate. After the termination is confirmed (on or after 2026-06-01), it will be promoted to status: deprecated and finalized into the archive, with the FSA deregistration date / JVCEA expulsion date appended.

1. Corporate entity / shareholders

  • Trade name: LINE Xenesis Corporation (LINE Xenesis株式会社; English name: LINE Xenesis Corporation)
  • Established: 2018年1月31日
  • Head office location: Floor 22, Sumitomo Fudosan Osaki Garden Tower, 1-1-1 Nishi-Shinagawa, Shinagawa-ku, Tokyo 〒141-0033
  • Capital: 100百万円 (as of 2026年3月27日)
  • Shareholder: LY Corporation (LINEヤフー株式会社) is the sole shareholder
    • LY Corporation is a holding company (listed on the TSE Prime) established in 2023年10月1日 through an intra-group reorganization of Z Holdings, LINE Corporation, Yahoo Japan Corporation, etc. Its English name is “LY Corporation”
    • LINE Xenesis’ corporate site (as of 2026年3月) lists the shareholder in Japanese as “LINEヤフー株式会社”
  • Unlisted. Established as the crypto-asset-business subsidiary under the LINE Yahoo group

2. License / registration status

  • Crypto-asset-exchange business: Director-General of the Kanto Local Finance Bureau 第00017号 (registration date 2019-09-06)
  • JVCEA Type-I member: member number 1020 (crypto-asset-exchange business only; has not obtained the crypto-asset-derivatives-transaction business)
  • No registration as an electronic-payment-instruments transaction business or a funds-transfer business

3. Handled currencies

As of 2026年2月, the handled assets are 8 assets:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Stellar Lumens (XLM)
  • Kaia (KAIA) — the renamed and chain-migrated version of the former LINE Blockchain proprietary coin “LINK” (described below)
  • Polkadot (DOT) — added in the crypto-asset-margin-trading service in 2026年1月

Note: in 2020年8月6日 it carried out the domestic listing of the LINE proprietary token “LINK (formerly LN).” LINK had been handled on the overseas exchange “BITBOX” from 2018年, but the domestic listing was first carried out in 2020年 after the registration procedures were completed. Subsequently, LINE Blockchain went through integration into the Finschia chain and a further rebranding to Kaia (KAIA), and the assets handled by LINE BITMAX also migrated to KAIA (based on public information).

The number of handled assets was the lowest level in the industry, a configuration specialized in major coins + the proprietary-token line.

4. Scope of business

  • Sales outlet (spot): service started 2019年9月17日. Purchase / sale of major assets. New purchases halted effective 2026年3月3日, with only sales continuing (until service termination)
  • Exchange (order-book trading): started 2023年3月20日 as an order-book service for LINK. Already halted 2026年
  • Crypto-asset accumulation service: scheduled purchases. Already halted 2026年
  • Crypto-asset-margin-trading service: new short selling halted 2026年, with only repayment buying continuing (until service termination)
  • Crypto-asset-lending service: already halted 2026年
  • PayPay-linked service: purchases with PayPay Money halted, with only withdrawals continuing (until service termination)
  • Fiat-currency deposit channel: bank transfer (PayPay Bank, etc.). Details of convenience-store deposits and quick deposits are not disclosed

Its greatest feature was a UI directly accessible from the wallet tab of the LINE app, designed to be tradable from 1円, targeting beginners and small-amount investors.

Full service termination and abolition of the crypto-asset-exchange business planned for noon on 2026年6月1日 (announced 2026年3月3日). The stated reason for termination cites a focus on growth areas as “optimization of management resources across the group amid changes in the crypto-asset market environment and intensifying competition.”

5. Market share / trading volume

  • Neither monthly trading volume nor account numbers are disclosed
  • Given a structure that draws on the LINE app’s monthly active users (over 9,500万 people in Japan / see LINE Yahoo IR) as its customer-acquisition base, the number of accounts is presumed to be of a corresponding scale, but disclosure of specific figures has not been confirmed
  • Owing to the limited number of assets and functions, its position in the industry is positioned as a niche player oriented to retail / beginners. Its axis of differentiation from majors such as bitFlyer · Coincheck · GMO Coin, Inc. — Japan crypto-asset exchange operator overview was “ease of use within the LINE ecosystem” (integral with the movements of the Rakuten / LINE integration lineage of PayPay Financial Group)
  • After the service-termination announcement, competitors (such as Coincheck) ran migration campaigns aimed at taking in users

6. History / major events

Year/monthItem
2018-01-31LINE Xenesis Corporation (formerly LVC Corporation) established
2018年Announced the LINE proprietary blockchain “LINE Blockchain.” Started trading the LINK token on the overseas exchange “BITBOX”
2019-09-06FSA crypto-asset-exchange-business registration (Kanto Local Finance Bureau 第00017号)
2019-09-17Started the Japan-domestic “LINE BITMAX” service (sales outlet, Android version first)
2020-08-06Domestic listing of the proprietary crypto asset “LINK” (started being handled on BITMAX)
2020-08-26Announced the LINE Blockchain Developers platform
around 2022-12Period of expansion of crypto-asset accumulation / lending services
2023-03-20Started the “exchange service” (LINK became order-book-tradable domestically for the first time)
2023-10-01Parent LINE Corporation and others underwent a group reorganization; LY Corporation (LINEヤフー株式会社) established
2024年Completed the global consolidation of LINE Xenesis-provided NFT-related services (DOSI Wallet · LINE NFT), and announced it would thereafter focus on LINE BITMAX
2026-01-14Added Polkadot (DOT) to LINE BITMAX crypto-asset margin trading
2026-03-03Announced termination of the LINE BITMAX service and abolition of the crypto-asset-exchange business (termination date: noon on 2026年6月1日)
2026-03-03Halted new account openings
from 2026-04-06Stepwise halt of each function (new sales-outlet purchases, accumulation, lending, exchange, new margin trading)
2026-06-01Full termination of the LINE BITMAX service planned (abolition of the crypto-asset-exchange business)

7. Strategic developments

  • Finalization of the service-termination policy (2026年3月): under the banner of reallocating group management resources, a complete withdrawal from the domestic crypto-asset business. The policy of concentrating management resources on “growth areas” that the LINE Yahoo group focuses on has been disclosed
  • As for the NFT business, in 2024年 it consolidated into a global service (DOSI, etc.) linked to the Finschia/Kaia ecosystem, and LINE Xenesis’ direct operation had been scaled back
  • As of 2026年5月, there is no public information on whether the company will continue its business or be liquidated after 2026年6月1日
  • Representative Director CEO: Lim Inkyu (林 仁奎) — the name is disclosed in the Japanese and English versions of the CEO message on the corporate site
  • Details of the founder and the first-generation management team are not disclosed

Sources