BitFlyer Picks Financial Experts to Predominate the Crypto Market
BitFlyer Founder and former Goldman Sachs trader Yuzo Kano has bot hiring Wall Street executives to pack his own ranks with the aim of expanding bitFlyer into the emerging institutional crypto market.
Via early , the regulatory reform te Japan has made it the prime location for expanding cryptocurrency exchange services ter the world spil the government itself has already given the go-ahead which most countries, including the US and Britain, have yet to do. Spil such, this makes transactions from traditional banking to the cryptocurrency world a less daunting budge for experts.
According to a report by Bloomberg, “Kano’s team, which includes a former fixed-income desk head at Barclays Plc and an ex-senior private banker at Credit Suisse Group AG, has doubled to more than 150 people te the past six months and is on tempo to top 300 before year-end.”
Since , bitFlyer has tripled its users to Two million due to Bitcoin margin contracts which have proven popular with Japanese day traders. Through April into early May, the exchange averaged about Two billion a day. BitFlyer has already set up offices ter San Francisco, Tokyo, and Luxembourg. It is presently considering expansion ter other locations such spil Australia, Africa, and other countries ter Asia. The BitFlyer founder’s plans for expansion reaches further than just fresh offices and beyond cryptocurrency trading to banking services such spil digital payment and advisory services for investors and startups looking to launch initial coin offerings or ICOs.
Kano talks about his hiring spree among the world’s largest banks from his offices ter Tokyo’s Midtown Tower telling “I need to grow headcount. And those with the best abilities come from universal banks. My target is to be number one te the world.”
The high-end editions of bitFlyer are but a puny part of its expanding team. The exchange seeks coders with proven abilities, regardless of educational background. The bitFlyer founder broke his fresh hires down into two groups: associates te their twenties hungry for the rhythm of a startup and bankers te their forties looking for a switch from the bureaucracy of finance.