16 July 2018
Visit www.gemalto.com

Bitcoin exchange BitFlyer preps for US launch

18 August 2017  |  9379 views  |  0 Source: BitFlyer USA

BitFlyer USA, Inc. announced today that it will launch its US-based Bitcoin exchange by the Fall of 2017, having already gained regulatory approval to operate in 34 states. bitFlyer’s new office is based in the financial district of San Francisco.

“While bitFlyer, Inc. is headquartered in Japan, my vision was always to create a global company, and I am excited that the US will be its first step toward global expansion,” said bitFlyer Chief Executive Officer Yuzo Kano, “Bitcoin is a global currency, now our exchange will be global too.”

bitFlyer, Inc. is already the dominant virtual currency exchange in Japan , and supports multiple virtual 1 currency trading pairs, including Ether and Bitcoin Cash. Since being founded in 2014, bitFlyer, Inc. has facilitated over $40 billion in Bitcoin trades, $30 billion of which came in 2017 YTD. bitFlyer’s launch 2 in the US marks the company’s first expansion into a new market.

“There is a concept of ‘Mrs. Watanabe’ in the Japanese forex market; she is the personification of household trading in Japan” said bitFlyer’s Chief Operating Officer Bartek Ringwelski, “bitFlyer aims to be the first exchange to allow US Bitcoin traders to trade with Mrs. Watanabe.”

bitFlyer will initially target professional traders and institutions in the US, offering BTC/USD trading at launch and then expand to support other trading pairs and products. “We invested in bitFlyer, Inc. because of its ambitions to be a global exchange with a strong presence in the US,” Recruit Strategic Partners’ President & Managing Director Joe Saijo said, “I’m thrilled to see the company take this important step forward.”

1 As of August 17, 2017. Source: https://www.coinhills.com/market/btc-jpy/
2 Total monthly Japanese JPY-BTC volume, including margin trading as of June 30, 2017. Source: https://jpbitcoin.com/market/volume  

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit www.aciworldwide.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10537 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9535 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8091 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8034 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7639 views comments | 7 tweets | 13 linkedin

Featured job

Find your next job