bitFlyer, Japan’s largest cryptocurrency exchange and the only exchange licensed to operate in the US, EU, and Japan, today announced that US-based customers will finally have access to the world’s largest bitcoin to Japanese yen (BTC/JPY) market through their bitFlyer USA account.
Historically, Japan has always been one of the most important markets in the cryptocurrency space due to its high levels of adoption at the early stages of the industry, comprehensive regulatory frameworks, and unique pricing dynamics.
As Japan’s largest cryptocurrency exchange, bitFlyer is a leading gateway to the Japanese crypto market. According to a survey bitFlyer conducted earlier in March of this year, 35% of those that bought crypto in Japan used bitFlyer to do so. Additionally, in the first quarter of 2021, bitFlyer’s BTC/JPY spot market posted over $30 billion in trading volume, representing 40% of the Japanese bitcoin ecosystem.
“Crypto is a global market. However, the current global regulatory and banking framework has created barriers between regions, which make it difficult to access markets around the world and ultimately creates inefficiencies. As the first exchange to be licensed in the US, Japan, and Europe, our goal is to remove these barriers and allow anyone to access global markets, in order to fully unlock the power of cryptocurrencies in a regulated fashion. Over the coming months, we will continue opening new markets and provide our customers with new unique trading opportunities that only bitFlyer can offer.”
– The bitFlyer Team