bitFlyer, Japan’s largest cryptocurrency alternate and the one alternate licensed to function within the US, EU, and Japan, right this moment introduced that US-based prospects will lastly have entry to the world’s largest bitcoin to Japanese yen (BTC/JPY) market via their bitFlyer USA account.
Historically, Japan has all the time been one of the vital markets within the cryptocurrency area due to its excessive ranges of adoption on the early phases of the business, complete regulatory frameworks, and distinctive pricing dynamics.
As Japan’s largest cryptocurrency alternate, bitFlyer is a number one gateway to the Japanese crypto market. According to a survey bitFlyer carried out earlier in March of this yr, 35% of people who purchased crypto in Japan used bitFlyer to accomplish that. Additionally, 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 global market. However, the current global regulatory and banking framework has created barriers between regions, which make it difficult to access markets around the world and ultimately creates inefficiencies. As the first exchange to be licensed in the US, Japan, and Europe, our goal is to remove these barriers and allow anyone to access global markets, in order to fully unlock the power of cryptocurrencies in a regulated fashion. Over the coming months, we will continue opening new markets and provide our customers with new unique trading opportunities that only bitFlyer can offer.”
– The bitFlyer Team