[NEWS] bitbank to become the first in Japan to start handling Decentraland (MANA)

On the 17th, bitbank, a domestic cryptocurrency exchange, announced that it will start handling Decentraland (MANA). The start of handling is scheduled for the 20th of this month, and if it is realized, it will be the first listing in Japan.

In addition to the exchange where order book trading is possible, the sales office and the lending service "Lend and increase your crypto assets" on bitbank will be supported services.

The exchange offers the MANA/JPY trading pair, with a minimum order quantity and trading unit of 0.0001 MANA, a limit order quantity of 600,000 MANA, and a market order quantity of 6,000 MANA.

At the sales office, the minimum order quantity and trading unit for the MANA/JPY trading pair is 0.00000001 MANA, and a maximum order quantity and trading unit of 30,000 MANA.

"Lend and increase your crypto assets" will start accepting applications from the start of handling, and the annual interest rate will range from 0.1% to 5.0% for each month of recruitment.

Please note that the supported chain on bitbank is Ethereum.

Decentraland is a metaverse concept project developed based on the Ethereum blockchain. It is possible to purchase LAND, which is land on the Decentraland metaverse, and build structures.

LAND is also known for the fact that domestic cryptocurrency exchange Coincheck is building the metaverse city "OASIS KYOTO" on LAND.

MANA, which will be handled by bitbank this time, is the native token of Decentraland and can be used for in-game payments and governance voting on project management.

Reference: Press release
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