World's Largest Cryptocurrency Exchange BitFlyer Is Launching in Europein News
BitFlyer, the world’s largest Bitcoin exchange, has been given the green light for a European launch. BitFlyer’s launch into Europe comes hot on the heels of explosive growth in Japan and launch in the US in 2017. With 25% of worldwide bitcoin exchange volumes being facilitated by bitFlyer and over $250bn in virtual currency traded on its platform in 2017, BitFlyer is the world’s largest Bitcoin exchange and the only one licensed in Europe that will allow users to trade with Japan, the world’s largest market for bitcoin trading.
The company is initially targeting professional, high-volume traders, an audience currently underserved in Europe.
bitFlyer Launches in Europe and Becomes the World’s First Bitcoin Exchange to Be Regulated in Japan, the US and Europehttps://t.co/GR1N6kZjRr— Barry Silbert (@barrysilbert) January 23, 2018
“What we bring to Europe is a platform designed by traders for traders,” says Andy Bryant, Chief Operating Officer of bitFlyer Europe. “Through our web interface or API, traders can get up and running quickly and benefit from some of the most robust systems, highest speeds and an interface designed with their specific needs in mind.” “We’re pleased to see bitFlyer landing in Europe,” says Cedric Jeanson, CEO of BitSpread, one of the world’s largest digital currency market makers. “As virtual currency trading becomes mainstream and institutional investors get involved, there is a gap in Europe for a platform which specifically caters to the professional market.”Founder and chief executive Yuzo Kano told media:
“When I set up BitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of Bitcoin and the virtual currency industry. I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook.”BitFlyer's initial product offering is the BTC/EUR pair, and the company is planning to add support for other virtual currencies including Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash later in the year. Will Japanese exchanges in Europe bring in more investment? Share your thoughts in the comments section below.
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