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Bitcoin  Tokyo-based  bitFlyer  has become the fourth digital currency exchange to receive approval from the New York State Department of Financial Services (NYDFS) for a  “BitLicense”  to operate as a virtual currency exchange in New York. This brings the total number of states in which bitFlyer is licensed up to  40 . The bitFlyer platform has over 30 percent of the worldwide bitcoin exchange volume and more than $100 million in virtual currency traded in 2017, all without access to the U.S. market. This latest expansion is providing access and technology to institutional investors in the United States, a largely untapped market. “Our expansion and upcoming cross-border trading addresses a huge unmet need in the U.S. by institutional traders looking to access large amounts of liquidity across multiple virtual currency markets,” said bitFlyer USA’s chief operating officer, Bartek Ringwelski, in a statement. “Through our web interface or API, approved professional traders can be up