Skip to main content

Japanese Bitcoin Exchange bitFlyer Now Licensed in the U.S.

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 and running and making trades in a matter of minutes.”

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.

Ringwelski said they would be launching additional features in the coming year to make virtual currency trading — including global trading — more widely accessible.

Although bitcoin is the only supported cryptocurrency at the moment, bitFlyer plans to expand into other popular altcoins in early 2018.

Labels

Labels:

Comments

  1. giaonhanquocteJune 3, 2020 at 11:52 PM

    Thanks for sharing, nice post! Post really provice useful information!

    Giaonhan247 chuyên dịch vụ vận chuyển hàng đi mỹ cũng như dịch vụ ship hàng mỹ từ dịch vụ nhận mua hộ hàng mỹ từ trang ebay vn cùng với dịch vụ mua hàng amazon về VN uy tín, giá rẻ.

    ReplyDelete

Post a Comment

Popular posts from this blog

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category ...
97 comments
Read more

Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Bitcoin  Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the  cryptocurrency market cap  clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the  bitcoin price  below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit...
75 comments
Read more

How to Boost Your Credit—or Build it Up From Nothing

Now that you know  how credit works , you probably want to know how to make it work  better . While nothing is better for your credit than paying your bills in full and on time, there are ways to give it a boost. Like it or not,  credit matters . It’s also complicated. In our “Everything You Need to Know About Credit” series, we’re breaking down the basics. When a lender or landlord looks at your credit, they’re not just looking for a three digit number, they want to know how you actually handle credit. That’s why your credit report is more important than your score. That said, your score matters, too, and the good news is, there are shortcuts for boosting it in a relatively short amount of time. And if you don’t have credit at all — let’s say you’re a teenager about to start college — your biggest focus should be on building up a credit history. That way you can apply for student loans, apartments, and make sure you  aren’t gouged on bills . Here are some options...
Post a Comment
Read more