BitFlyer announced today that they will be launching in the U.S. in the very near future.
If you are not familiar, BitFlyer is the largest bitcoin exchange by trading volume in the world.
Which means this is very big news.
BitFlyer is originally based in Tokyo Japan and it's trading volume is predominantly dominated in Japanese Yen.
Today, BitFlyer announced that they have obtained a "BitLicense" from the state of New York which allows them to operate there.
BitFlyer also announced that they have received licenses to operate in 40 other states as well.
This would mark the 4th exchange that has received this special BitLicense from New York's Department of Financial Services.
Who are the 3 others you might be wondering?
Coinbase, Circle, and Ripple are the previous 3 exchanges to receive that same license.
BitFlyer CEO, Yuzo Kano is very pleased with the license approval and is happy to get started in the United States.
"BitFlyer is proud to have been granted a BitLicense to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation."
Likely just the first domino to fall as other states are approving as well.
Things are about to change dramatically in the crypto industry.
BitFlyer's U.S. based COO, Bartek Ringwelski, also had this to say about the coming changes:
"Bitcoin in 2018 transitions from something that is viewed as a social phenomenon and very quickly transitions into an established institutional phenomenon."
Can they give Coinbase a run for their money?
As was reported yesterday, Coinbase's user accounts now outnumber that of Charles Schwab and are inching ever closer to that 14 million number:
https://steemit.com/coinbase/@jrcornel/coinbase-now-has-more-users-than-charles-schwab
Bitflyer plans to pick up support very quickly by offering zero trading fees from now until the end of this year for U.S. based clients.
Yes you read that right, ZERO TRADING FEES.
The exchange has a much better trading platform than Coinbase as well:
Bitflyer plans to support bitcoin, litecoin, and ethereum with plans to support several others as well by 2018.
The news is coming fast and furious these days ladies and gentleman. It's a wonderful time to be involved in the space.
Stay informed my friends.
Sources:
https://www.cnbc.com/2017/11/28/worlds-largest-bitcoin-exchange-bitflyer-enters-the-us.html
Image Sources:
http://infocoin.net/en/2017/08/19/bitflyer-expands-to-the-us-market/
https://www.cnbc.com/2017/11/28/worlds-largest-bitcoin-exchange-bitflyer-enters-the-us.html
