Japanese cryptocurrency exchange bitFlyer is expanding to Europe
According to BusinessWire, the Japanese cryptocurrency exchange bitFlyer said on Tuesday, do not worry about regulatory ban will threaten encryption currency market, and is expanding its operations to enter the European market to expand their business.
bitFlyer, Inc. is the largest Bitcoin and blockchain company in Japan and has raised over 4.1 billion yen (~$36 million) in venture capital funding. bitFlyer aims to revolutionize the FinTech sector using blockchain technology. Its work includes the operation of the bitFlyer integrated virtual currency platform, in-depth blockchain research, and the R&D of its original blockchain miyabi. bitFlyer, Inc. Yukihiro Ghana, co-founder and chief executive of bitFlyer Exchange, said the exchange welcomed regulatory oversight, including European regulators, but he did not think the threat ban would be a success.
Andy Bryant, Chief Operating Officer of bitFlyer Europe said:
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.”
Bitcoin prices surged last year, after breaking through $19,000. At the end of 2016, Bitcoin prices hovered around $950. Bitcoin and other popular currencies currency have also attracted the attention of regulatory authorities. Multinational governments have tried to tighten controls on cryptocurrency transactions, including South Korea’s bitcoin-trading hype.