Japanese cryptocurrency exchange BitFlyer begins …

Japanese cryptocurrency exchange BitFlyer begins …

Japanese cryptocurrency exchange BitFlyer begins serving European markets

Tokyo bitcoin exchange BitFlyer begins operations in Europe, having received the appropriate license to provide services as a payment operator.

The exchange opened a US subsidiary last November. According to her, in 2017, transactions worth $ 250 billion were concluded on her platform.According to the Financial Times, the exchange accounts for about 20-30% of world bitcoin trade..

BitFlyer claims to be the only exchange that is allowed to conduct cross-border cryptocurrency exchange transactions between Europe and the US, that is, between some of the largest virtual currency markets in the world..

The start of operations in Europe will be marked by the emergence of the Bitcoin / Euro trading pair. Going forward, the exchange intends to focus on high volume traders and add other trading pairs, including Ethereum, Ethereum Classic and Litecoin, as well as several new fiat currencies. All this is planned to be implemented in the coming months..

Japanese cryptocurrency exchange BitFlyer begins ...

BitFlyer Founder and CEO Yuzo Kano stated, “When I started BitFlyer in 2014, I did it with global ambition and the belief that getting regulatory approval is a must for the long-term success of the Bitcoin and virtual currency industry. I’m glad we were able to become the most law-abiding virtual currency exchange in the world; this prestigious status granted to us by regulators allows our clients, our company and the virtual currency industry as a whole to look optimistically into the future “.

According to CoinMarketCap, BitFlyer is currently the 14th largest cryptocurrency exchange in the world, with 24-hour trading volumes of $ 300 million. At the same time, BitFlyer accounts for about 80% of the Bitcoin trading volume in Japan. The exchange supports direct pairs with fiat, but currently only 3 cryptocurrencies are represented on it: Bitcoin, Ethereum and Bitcoin Cash.

Japanese cryptocurrency exchange BitFlyer begins ...
Japanese cryptocurrency exchange BitFlyer begins ...

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