bitFlyer, Japan’s largest cryptocurrency trade and the one trade licensed to function within the US, EU, and Japan, at present introduced that US-based prospects will lastly have entry to the world’s largest bitcoin to Japanese yen (BTC/JPY) market by way of their bitFlyer USA account.
Traditionally, Japan has at all times been probably the most necessary markets within the cryptocurrency area as a consequence of its excessive ranges of adoption on the early levels of the business, complete regulatory frameworks, and distinctive pricing dynamics.
As Japan’s largest cryptocurrency trade, bitFlyer is a number one gateway to the Japanese crypto market. In response to a survey bitFlyer carried out earlier in March of this yr, 35% of those who purchased crypto in Japan used bitFlyer to take action. Moreover, within the first quarter of 2021, bitFlyer’s BTC/JPY spot market posted over $30 billion in buying and selling quantity, representing 40% of the Japanese bitcoin ecosystem.
“Crypto is a worldwide market. Nonetheless, the present world regulatory and banking framework has created limitations between areas, which make it troublesome to entry markets world wide and finally creates inefficiencies. As the primary trade to be licensed within the US, Japan, and Europe, our purpose is to take away these limitations and permit anybody to entry world markets, with a purpose to absolutely unlock the facility of cryptocurrencies in a regulated vogue. Over the approaching months, we’ll proceed opening new markets and supply our prospects with new distinctive buying and selling alternatives that solely bitFlyer can provide.”
– The bitFlyer Workforce