Bitflyer recently announced the launch of its exchange in Europe.
The announcement by Bitflyer says:
“Having been granted a Payment Institution (PI) license to operate in the European Union, it has become the first bitcoin exchange to be regulated in Japan, the US and Europe, making it the most compliant virtual currency exchange in the world.”
The company’s exchange in Europe, which is headquartered in Luxembourg, was launched through Bitflyer Europe S.A., a wholly owned subsidiary of the Tokyo-based Bitflyer Inc.
The company has been given a PI license by the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF).
Pierre Gramegna, the Luxembourg Minister of Finance, said:
“We’re delighted that one of the most successful Japanese startups chose Luxembourg as their EU platform.”
For the grand opening, Bitflyer is offering 0% trading fees until the end of February.
Its announcement said:
“The company is initially targeting professional, high-volume traders, an audience currently underserved in Europe.”
Bitflyer Europe will back the BTC/EUR trading pair.
The company carries plans to support other digital assets such as litecoin (LTC), ether (ETH), ethereum classic (ETC) and bitcoin cash (BCH) later in 2018.
Bitflyer Europe plans to promote its platform across the continent from its base at the Luxembourg House of Financial Technology Foundation.
“When I set up Bitflyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of bitcoin and the virtual currency industry,” remarked Bitflyer CEO and its founder, Yuzo Kano.
In Japan, Bitflyer was among the first 11 exchanges to acquire a license from the Japanese Financial Services Agency (FSA) in September of last year.
According to its website, the exchange has, at the moment, almost a million users.
The company opened up an exchange in the United States in November after getting licenses to operate in 41 states.
This includes New York. Connecticut, Hawaii, Illinois, Louisiana, Massachusetts, Minnesota, Nevada and West Virginia just to name a few.
