Japan’s BitFlyer Opens Bitcoin Exchange in the United States

Japan's BitFlyer Opens Bitcoin Exchange in the United States

Japan's biggest crypto-exchange is coming to the US — and it's hoping to solve one of bitcoin's biggest problems

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US regulator grants bitFlyer a virtual currency license

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Japan's biggest crypto-exchange is coming to the US — and it's hoping to solve one of bitcoin's biggest problems

Japan's biggest crypto-exchange is coming to the US — and it's hoping to solve one of bitcoin's biggest problems

ranks as the 14th largest exchange worldwide, but when you add margin volume to the calculation the exchange is actually the largest in the world in terms of total exchange volume.

World's largest bitcoin exchange, bitFlyer, enters the US

El Gobierno y la comunidad mapuche acordaron constituir una mesa de diálogo En ese contexto, Peña aclaró que lo del fin de semana “fue un operativo judicial”, donde las fuerzas “actuaron como auxiliares de la Justicia”.Bitcoin may have passed the $11,000 mark, but a deputy governor at the Bank of England believes that the cryptocurrency is no threat to the world economy. The Astronomical Rise of Bitcoin In the last couple of days, Bitcoin has become one of the most popular topics in the world. As the digital cryptocurrency is surpassed the $11,000 price mark, many analysts and experts are speculating how much further it’s going to grow. The famous

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bitFlyer USA invited 2,000 experienced traders to take part in their closed beta to test buying and selling bitcoin on their platform. bitFlyer enables traders to place market, limit and complex trade orders, in addition to offering an API for programmatic traders. Their focus in the U.S. marketplace is on professional traders who trade $100,000 or more in virtual currency per month.Images courtesy of Pexels, bitFlyer

bitcoin exchange by trading volume is launching in the U.S.

After receiving approval from financial regulators Japanese Bitcoin exchange bitFlyer officially launched in the United States.

More "The Bottom Line" »The sky-high profits are attracting wild speculators and savvy traders alike.

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As Business Insider has previously reported, many top trading firms have jumped on the bitcoin bandwagon, including market-makers, DRW and DV Trading. Exchange giants CME and Cboe are set to launch bitcoin futures, which will allow investors to bet on the future price of bitcoin, in the near-term. That could open the door to institutional investors, such as asset managers, entering the market.

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Moreover, the company has seen spectacular growth in its domestic market this year. The company represents 30% of all nationwide Bitcoin trading volume. It is evident there is still a lot of room left for future growth in Japan. For the US-oriented plans, customers can only buy Bitcoin at first. Other currencies will be added over time. It is unclear when this will happen exactly, though. An interesting future lies ahead for this Japanese firm. US cryptocurrency enthusiasts will certainly appreciate this new competitor as well.

Bartek Ringwelski, COO of bitFlyer's U.S. exchange, is targeting professional traders who buy and sell $100,000 or more in digital currency monthly. But the institutional investors bitFlyer is targeting with its U.S. exchange are more likely to see it the way bitFlyer CEO Yuzo Kano sees it, as "a nod of approval from one of the most influential state financial services regulators in the nation."Cloudflare Ray ID: 3c5919709c2776a2 • Your IP: 5.101.127.134 • Performance & security by Cloudflare

World's largest bitcoin exchange, bitFlyer, enters the US

World's largest bitcoin exchange, bitFlyer, enters the US

The DFS has previously granted virtual currency licenses to Coinbase Inc., XRP II, and Circle Internet Financial, and charters to Gemini Trust Company and itBit Trust Company.41 states, coming in just above Coinbase. Over $180 million is traded daily on bitFlyer in Japan. Opening up the service to US residents could help move bitFlyer up from its current rank as the 14th largest exchange site. When trading on margin is factored in, bitFlyer ranks number one in total trade volume.on bitFlyer at TechCrunch and CNBC.

Bitcoin rising to $10,000 "only suggests that there are more assets available for speculation in the market than previously forecast," said Lee McKnight, who teaches a course on blockchain management as an associate professor in the School of Information Studies at Syracuse University. "Since bitcoin amounts to less than a $200 billion market, my assessment is that there is room, and lots of idle cash and virtual market frenzy, to fuel its continued rise."

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bitFlyer, Japan's Largest Bitcoin Exchange, Launches in the United States

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BitFlyer Opens for Business in US After Receiving New York BitLicense

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bitFlyer to Launch in US

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“As New York’s financial services regulator, DFS’s mission is to encourage innovation while protecting markets and consumers,” said DFS Superintendent Maria T. Vullo in a statement./ Bitcoin News / Japan’s bitFlyer Exchange Obtains a BitLicense to Expand Across the USI forgot my password Don’t have account yet? Sign up × Modal title One fine body…

Right now the exchange only supports deposit and withdraw via bitcoin and USD wire transfer, which means early users will likely be institutional or high net worth investors. Eventually the exchange wants to add additional forms of fund inflow and outflow like ACH transfer, making it easier for the average consumer to deposit or withdraw cash.

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bitFlyer will now support US-based residents interested in the legal trade of digital currencies. Coinbase and Gemini are the two major businesses with approval for US operations. Coinbase has licensing for 38 different states while Gemini offers services in 46.

Get our instant notifications as news happensbitFlyer CEO Yuzo Kano added: “bitFlyer is proud to have been granted a BitLicense to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation.”

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Most cryptocurrency enthusiasts will know the name bitFlyer. This Japanese exchange has quickly made a name for itself in recent months. Moreover, the company also has a crowdfunding platform 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 in the United States. This move is made possible thanks to receiving an official BitLicense. More competition in New York can only be considered to be a good thing, to say the least.Big data leads a transformation in PC gamingNov 29, 2017 at 21:27 | Aaron Stanley

Currently, bitFlyer’s U.S exchange is only supporting deposits and withdrawal through Bitcoins and USD wire transfer. This means that the exchange is currently targetting high net worth institutional investors. Later, the exchange also plans to add more forums for fund inflow and outflow just like the ACH transfer in order to make it easy for average investors to deposit and withdraw cash.

With Bitcoin spiking 1,200% over the past year, there’s a ton of demand to trade the cryptocurrency and not a lot of places to do it. While there are dozens of established exchanges around the world only a few operate legally in the United States, with the two main ones being Gemini and Coinbase. And even these exchanges get flack for slow customer service response times, an almost unavoidable byproduct of the insane spike in customers they are seeing.

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With Regulatory Approval, BitFlyer Launches US Crypto Exchange Targeting Institutional Traders

With Regulatory Approval, BitFlyer Launches US Crypto Exchange Targeting Institutional Traders

U.S. regulator grants bitFlyer a virtual currency licenseSectionsBusinessMarketsWorldPoliticsTechCommentaryBreakingviewsMoneyLifePicturesReuters TVDiscover Thomson ReutersFinancialGovernment SolutionsLegalReuters News AgencyRisk Management SolutionsTax & AccountingBlog: Answers OnInnovation @ Thomson ReutersDirectory of sitesLoginContactSupportFeaturedAutosSpeed hurts quality at Tesla, some workers saySupreme CourtBig Brother looms as Supreme Court tackles cellphone disputeScienceScientists take major step toward creating artificial lifePicturesReuters TVUnited StatesAfricaAmérica LatinaعربيArgentinaBrasilCanada中国DeutschlandEspañaFranceIndiaItalia日本MéxicoРОССИЯUnited KingdomUnited States#FintechNovember 28, 2017 / 4:47 PM / a day agoU.S. regulator grants bitFlyer a virtual currency licenseGertrude Chavez-Dreyfuss, Aparajita Saxena3 Min ReadThese states include New York, Washington D.C., Texas, New Jersey and Georgia, among others (see the full list here). To put that into context, only three other cryptocurrency exchanges have a “BitLicense,” aka approval to operate from New York’s Department of Financial Services.Plans to include many more “blue-chip” currencies are in the pipeline, with the addition of altcoins such as Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, and more planned for 2018. For the rest of 2017, the US branch of bitFlyer is offering zero percent trading fees as part of a promotional campaign to get people to start using the exchange

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Coinciding with its launch today, bitFlyer confirmed its formal approval to operate in NY state after being granted a BitLicense.

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Nov 29, 2017 at 16:10 | Wolfie Zhao


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