Great news for European cryptocurrency traders. The biggest Bitcoin exchange platform in the world announced on Tuesday about performing its basic activities within the European Union territory.
bitFlyer is becoming the first exchange platform in the world that manages Bitcoin’s transactions at the same time in Japan, United States of America and Europe.
How was this possible?
This achievement was possible due to the Commission de Surveillance du Secteur Financier (CSSF), based in Luxembourg. They provided to bitFlyer company the Payment Institution License to carry out such financial activities on the territory of the European countries. The headquarter will be established at the Luxembourg House of Financial Technology Foundation (LHoFT).
The Chief Operating Officer of bitFlyer Europe- Andry Bryant, claimed that “What we bring to Europe is a platform designed by traders for traders. Through our web interface or API, traders can get up and running quickly and benefit from some of the most robust systems, highest speeds and an interface designed with their specific needs in mind”.
Taking into account the statistics provided by the biggest trading platform in the world that operates with Bitcoin transactions, approximately 25% of global Bitcoin exchange volumes are realized due to bitFlyer company. Over 250 billion US Dollars was traded in 2017 using their platform.
Will bitFlyer Europe provide only Bitcoins exchange features?
At the beginning, bitFlyer Europe will offer only the BTC/EUR pair of transaction. But, this year, the company is planning to introduce the main altcoins pairs, like Ethereum Classic, Litecoin and Bitcoin Cash.
What’s your opinion about bitFlyer’s new achievement?