Tokyo-based Bitcoin exchange bitFlyer has announced the launch of bitFlyer USA, which will provide digital currency trading services to customers in the United States. The company announced that it has been approved for a New York BitLicense, and has obtained licenses to operate in 40 additional US states and the District of Columbia.
The new platform will reportedly focus on BTC/USD trading when it launches, but the company plans to add additional trading pairs in the coming year – including other popular digital currencies like Ethereum, Litecoin, and Bitcoin Cash.
In the statement, bitFlyer chief operating officer Bartek Ringwelski said,
“Our expansion and upcoming cross-border trading addresses a huge unmet need in the U.S. by institutional traders looking to access large amounts of liquidity across multiple virtual currency markets. Through our web interface or API, approved professional traders can be up and running and making trades in a matter of hours.”
Forbes today reported that the bitFlyer USA exchange platform has been “designed for professionals who trade at least $100,000 in virtual currency each month, will enable traders to place market, limit and other complex trade orders and give traders the ability to connect to the firm’s Japanese exchange.”