Japan’s most popular domestic bitcoin exchange bitFlyer is getting ready to start operations within the United States with its subsidiary bitFlyer USA, Inc. The company will officially launch its US-based bitcoin exchange by the Fall of 2017.
bitFlyer, Inc. is one of the most popular exchanges in Japan and supports multiple crypto trading pairs, including Ethereum (ETH) and now even includes Bitcoin Cash. Since being founded in 2014, bitFlyer, Inc. has supported over $40 billion in bitcoin trades, $30 billion of which have already come in 2017 year-to-date.
bitFlyer’s launch in the U.S. marks the company’s first expansion into a new market.
bitFlyer Chief Executive Officer Yuzo Kano said:
“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.”
bitFlyer will initially target professional traders and institutions in the U.S., offering BTC/USD trading at launch and then expand to support other trading pairs and products.
Recruit Strategic Partners (RSP) President & Managing Director Joe Saijo said:
“We invested in bitFlyer, Inc. because of its ambitions to be a global exchange with a strong presence in the US. I’m thrilled to see the company take this important step forward.”