bitFlyer USA, Inc., a wholly-owned subsidiary of bitFlyer, Inc., the largest bitcoin and blockchain company in Japan, announced in a press release it sent to CoinReport that it will launch its US-based bitcoin exchange by the Fall of 2017. The company says it has already gained regulatory approval to operate in 34 US states. Its new US office is based in the financial district of San Francisco.
bitFlyer CEO Yuzo Kano said in the release we received, “While bitFlyer, Inc. is headquartered in Japan, my vision was always to create a global company, and I am excited that the US will be its first step toward global expansion. Bitcoin is a global currency, now our exchange will be global too.”
The company supports several cryptocurrency trading pairs, including ether and bitcoin cash. Since 2014, when it was founded, bitFlyer has facilitated more than $40 billion in bitcoin trades, $30 billion of which came in 2017 YTD. The US bitcoin exchange will mark the company’s first expansion into a new market.
bitFlyer COO Bartek Ringwelski commented on the occasion, “There is a concept of ‘Mrs. Watanabe’ in the Japanese forex market; she is the personification of household trading in Japan. bitFlyer aims to be the first exchange to allow US Bitcoin traders to trade with Mrs. Watanabe.”
Initially, bitFlyer says it will target institutions and professional traders in the US, offering BTC/USD trading at launch and then expand to offer other trading pairs and products.
Logo courtesy of bitFlyer