Bitcoin Exchange BitFlyer Preps for US launch
The first U.S. bitcoin exchange could be open as early as this fall, if everything goes according to plan.
USABitFlyer USA, announced recently that it will launch its US-based Bitcoin exchange within the next few months as it has acquired regulatory approval to operate in 34 US states, according to published reports.
Exchange operator bitFlyer’s will be based out of San Francisco.
“While bitFlyer, Inc. is headquartered in Japan, my vision was always to create a global company, and I am excited that the US will be its first step toward global expansion,” said bitFlyer Chief Executive Officer Yuzo Kano, in an interview. “Bitcoin is a global currency, now our exchange will be global too.”
bitFlyer, Inc. is already the dominant virtual currency exchange in Japan , and supports multiple virtual 1 currency trading pairs, including Ether and Bitcoin Cash. Since being founded in 2014, bitFlyer, Inc. has facilitated over $40 billion in Bitcoin trades, $30 billion of which came in 2017 YTD. bitFlyer’s launch 2 in the US marks the company’s first expansion into a new market.
“There is a concept of ‘Mrs. Watanabe’ in the Japanese forex market; she is the personification of household trading in Japan” said bitFlyer’s Chief Operating Officer Bartek Ringwelski, “bitFlyer aims to be the first exchange to allow US Bitcoin traders to trade with Mrs. Watanabe.”
The report added that bitFlyer will initially target professional traders and institutions in the US, offering BTC/USD trading at launch and then expand to support other trading pairs and products.
Square is only the ninth firm to obtain a virtual currency charter from New York State.
GMAG sees a framework for figuring out what else besides bitcoin and ether are not securities.
Is the buy side buying into crypto as an asset class?
Overseas crypto traders get respite on new regs.
An in-depth look at the newest trading vehicle.