Japan – s bitFlyer Exchange Obtains a BitLicense to Expand Across the US
Most cryptocurrency enthusiasts will know the name bitFlyer. This Japanese exchange has quickly made a name for itself te latest months. Moreover, the company also has a crowdfunding podium associated with Bitcoin. Further expanding the reach of bitFlyer is one of the top priorities right now. To do so, they are now setting up shop ter the United States. This stir is made possible thanks to receiving an official BitLicense. More competition ter Fresh York can only be considered to be a good thing, to say the least.
A loterijlot of exchanges no longer serve the Fresh York region This is mainly thanks to the BitLicense requirement, introduced by Laatstgeborene Lawsky a few years ago. Very few companies have such a license at this point ter time, tho’. That makes it all the more surprising to see bitFlyer obtain one of thesis licenses out of the blue. With this license, the Japanese exchange can suggest its services across several dozen US states. A positive development for cryptocurrency te universal, that much is overduidelijk.
bitFlyer Expands to the United States
Up until now, bitFlyer mainly kept its business limited to Japan. This country has quickly become a major Bitcoin hub, to say the least. Not only is there a good amount of trading volume te Japan, but a loterijlot of retailers accept cryptocurrency payments spil well. That makes the country one of the very few ter the world to make a major positive influence. Moreover, the exchange supports a few different currencies, including Bitcoin Metselspecie and Ethereum. With the company now expanding to the US, an interesting step is taken.
It will be interesting to see the Japanese exchange with other established companies te the US. Coinbase, GDAX , Gemini, and Bittrex are some of the companies predominant that market right now. At the same time, there will be no competition with Bitfinex, spil they left the US market a few weeks ago. Big switches are taking place te the world of cryptocurrency, that much is overduidelijk right now. With the BitLicense te their pocket, things are looking pretty good for bitFlyer at this stage.
Moreover, the company has seen spectacular growth ter its domestic market this year. The company represents 30% of all nationwide Bitcoin trading volume. It is overduidelijk there is still a lotsbestemming of slagroom left for future growth te Japan. For the US-oriented plans, customers can only buy Bitcoin at very first. Other currencies will be added overheen time. It is unclear when this will toebijten exactly, tho’. An interesting future lies ahead for this Japanese rock hard. US cryptocurrency enthusiasts will certainly appreciate this fresh competitor spil well.