BitFlyer Gets US license – Cryptomorrow – Cryptocurrency, Bitcoin, Ethereum
The Fresh York Department of Financial Services (DFS) has granted one of the leading Tokyo-based crypto exchanges bitFlyer a BitLicense to operate ter United States spil a ‘custodial wallet’ services for bitcoin or a secure online address to hold Bitcoin.
BitFlyer can now operate the exchange te 41 states. It will trade only bitcoin/USD pairs te the U.S. exchange only supporting deposit and withdraw via bitcoin and USD wire transfer. Users will be able to originally deposit and withdraw a limit of up to $Two,000 ter bitcoin vanaf day and trade up to $Trio,000 ter bitcoin vanaf day. Te addition, it will have several customer verification levels including name, address, email and cell phone verification.
The exchange market will expand to include other altstem coins straks.
“Our expansion and upcoming cross-border trading addresses a ample unmet need te the U.S. by institutional traders looking to access large amounts of liquidity across numerous supuesto currency markets,” said bitFlyer USA’s chief operating officer, Bartek Ringwelski, ter a statement.
DFS Superintendent Maria T. Vullo said ter a statement that DFS will support and encourage technological innovation spil the potencial currency markets expands.
BitFlyer, the largest exchange market te Japan controls a daily Bitcoin trading volume of overheen $300 billion according to latest gegevens and is among the best exchanges ter the world. It offers spot trading and trading on margin, with a leverage of 1:15, and has traded more than $100 billion te imaginario currencies so far this year.
Te U.S., BitFlyer will rival with Coinbase that has BitLicense to operate 46 states with its GDAX toneelpodium and Gemini which has permission to operate ter 46 states ter U.S. Other exchanges with permission to operate ter this market include XRP II, and Circle Internet Financial.
BitFlyer wants to expand its services to altstem coins including Litecoin, Ethereum, Ethereum Classic, and Bitcoin Specie from next year.