bitFlyer Europe rolls out new cross border trading service with Japan

By Megha Bhattacharya

Cryptocurrency exchange bitFlyer today announced the launch of cross-border trading on its platform, thus allowing European users to access the Japanese bitcoin market while using a European-regulated platform. bitFlyer is currently licensed to operate in Japan, the EU and the US combined.

Andy Bryant, COO of bitFlyer Europe, said, “The launch of bitFlyer’s cross-border trading is revolutionary for the cryptocurrency industry and a huge milestone for us. Before now, it’s been virtually impossible for traders with Euros to participate in the BTC/JPY trading pair without going through multiple extra steps and/or sign up processes, bringing unwanted inconvenience and delays.

“bitFlyer is quite simply giving more of its users an unprecedented opportunity to trade in one of the largest and most liquid markets in the world. Those more experienced and successful traders will know just how important it is to seek the most liquid markets, and we’re confident with this launch we can offer a better experience for them and all our users”.

bitFlyer stated that the new cross-border trading initiative enables users to access BTC/JPY under their existing Europe account, thus removing the need to open multiple accounts across multiple exchange platforms. Users trading BTC/JPY via bitFlyer Europe will still be subject to the same European privacy policies, and their rights will not be affected.

“bitFlyer’s objective has always been to create a truly global cryptocurrency trading platform that allows users to benefit from the scale, depth and liquidity of one, single marketplace. Liquidity is a constant challenge for cryptocurrency markets and is essential to ensure the future growth and sustainability of BTC and the cryptocurrency industry as a whole. Today’s announcement is a huge step forward in that regard” said Yuzo Kano, Founder of bitFlyer group and Chairman of bitFlyer Europe.

Recently, bitFlyer integrated with payments platform PayPal in a bid to enable the latter’s European users to deposit funds to the former’s Europe platform. The partnership is expected to boost the crypto exchange’s mission of making cryptocurrency trading accessible.