What is bitflyer?
The world’s largest bitcoin exchange, bitflyer, operates in Europe, Japan and united states. It is often considered as an instant exchange platform, to buy bitcoins.
It is the most trusted trading platform with strict security measures, to protect the accounts of its customers. 80% of the funds are stored in an offline wallet which is inaccessible by others than the account holder themselves.
Providing a great Customer Service, the specialists are working 24×7 via a Support Number, to help the users in case of any queries. You can talk to the experts via Phone Number or chat option available on their website.
Entry in the U.S:
With its recent entry into the U.S market, it has become more popular, globally. It has also gained a license, to operate in New York and other 40 states vice versa.
The government of Japan contributes in bitcoin trading which is seen as a friendly gesture towards bitcoin as well many other authorities.
Bitflyer has a surprise for its users! It has planned to offer zero percent trading fees in the U.S by the end of this year. Moreover, one of the leading bitcoin exchanges by trading volume, bitflyer, is all set to launch in the U.S.
It also released a statement stating that it became the fourth largest digital currency exchange. Also, it has received a ‘BitLicense’ to operate in New York. It has also gained the license to operate in 40 more states as well.
The other three licensed exchanges include coinbase, circle and ripple, guaranteed by New York’s government.
According to cryptocompare, the amount of bitcoin trading in Japanese yen is more than 60 percent of global trading volume in the digital currency. Nevertheless, bitflyer has 80 percent of that bitcoin-yen trading volume as shown in its website. The Japanese government has indeed legalized bitcoin as well has licensed certain exchanges.
According to the reports by coindesk, the price of digital currency has a record high of $9,929.61 as on Tuesday last week, which is 10 times higher than the actual price.
Bitflyer is all set to offer zero percent trading fees in the U.S this year. It will also support Litecoin, Ethereum, Ethereum classic and other various digital currencies.
The investors of bitflyer includes digital currency group, Mizuho financial group and Mitsubishi UFJ capital. The capital of this exchange has seen a significant increase of $36 according, to the reports by crunchBase.
Also, according to the crunchBase data, Coinbase, based out, at San-Francisco, investors include Section 32 which is the venture capital fund founded by Google Ventures founder Bill Maris, USAA, Blockchain Capital, the New York Stock Exchange, Union Square Ventures, Digital Currency Group, Andreessen Horowitz, Y Combinator and Mitsubishi UFJ Capital.
Barket Ringwelski (CEO of Bitflyer U.S) told the media:
“People would feel more comfortable about the bitcoin as the platform will implement proper rules and regulations which will in turn increase the space between them”
We are very sure that the entry of bitflyer in the U.S would be fruitful and will bring many advantages in the future.