June 22, 2021

bitFlyer USA lists bitcoin to Japanese yen (BTC/JPY) market

2 min read

bitFlyer, Japan’s largest cryptocurrency exchange and the only exchange certified to run in the US, EU, and Japan, today announced that US-based consumers will lastly have access to the world’s biggest bitcoin to Japanese yen (BTC/JPY) market through their bitFlyer USA account.

Historically, Japan has constantly been among the most important markets in the cryptocurrency area due to its high levels of adoption at the early phases of the industry, extensive regulatory frameworks, and distinct rates characteristics.

As Japan’s biggest cryptocurrency exchange, bitFlyer is a leading entrance to the Japanese crypto market. According to a survey bitFlyer carried out earlier in March of this year, 35% of those that bought crypto in Japan utilized bitFlyer to do so. Additionally, in the very first quarter of 2021, bitFlyer’s BTC/JPY spot market posted over $30 billion in trading volume, representing 40% of the Japanese bitcoin ecosystem.

BTC/JPY is now available on bitFlyer’s Lightning platform in the U.S. “Crypto is a global market. However, the existing global regulatory and banking framework has actually developed barriers between areas, that make it hard to gain access to markets around the globe and eventually develops inadequacies. As the first exchange to be certified in the US, Japan, and Europe, our goal is to eliminate these barriers and permit anyone to gain access to international markets, in order to totally open the power of cryptocurrencies in a regulated fashion. Over the coming months, we will continue opening new markets and provide our clients with brand-new distinct trading chances that only bitFlyer can use.”
– – The bitFlyer Team

The post bitFlyer USA notes bitcoin to Japanese yen (BTC/JPY) market appeared initially on CryptoNinjas.