Japanese Firm bitFlyer Launches Bitcoin Exchange in the U.S.

Tokyo-based bitFlyer announced on Tuesday the official launch of its bitcoin exchange in the U.S. The debut in the U.S., comes just after the company reported more than $100 billion in virtual currency has been traded year-to-date. While sharing more details about the U.S. expansion, bitFlyer USA’s Chief Operating Officer, Bartek Ringwelski, stated:

“Our expansion and upcoming cross-border trading addresses a huge unmet need in the US by institutional traders looking to access large amounts of liquidity across multiple virtual currency markets. Through our web interface or API, approved professional traders can be up and running and making trades in a matter of minutes.”

bitFlyer also revealed that it received approval from the New York State Department of Financial Services (NYDFS) to operate in the state as a virtual currency exchange. bitFlyer CEo Yuzo Kano, commented:

“bitFlyer is proud to have been granted a BitLicense to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation.”

During its closed beta, bitFlyer USA invited 2,000 experienced traders to buy and sell Bitcoin on its platform. The bitFlyer platform enables traders to place market, limit and complex trade orders.  In early 2018, bitFlyer plans to expand its cryptocurrencies to include altcoins such as Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash and more. bitFlyer USA is offering zero percent trading fees as an introductory promotion through the end of 2017. 

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