bitFlyer is a cryptoasset exchange located in Japan. Their volume over the last 24 hours is $3.93B. The exchange is rated “A” which means “Transparent.” They allow trading with the following fiat currencies: EUR, JPY, and USD.
Popular exchange bitFlyer was the first Bitcoin exchange to be regulated in Japan, the US, and Europe. It was founded in Tokyo in 2014, with a US subsidiary opening in Silicon Valley San Francisco in 2016.
Built by Wall Street veterans, bitFlyer's Lighting Exchange is designed for professional traders and includes all the features and power you would expect from one of the world's most significant exchanges. The company aims to become a leading virtual currency exchange and blockchain developer in the US, leveraging technology, insights, and security practices from its parent company.
Founder Takafumi Komiyama was previously employed by Sony before joining Goldman Sachs, where he worked on the development of settlement systems. Co-founder Yuzo Kano is a former trader and also has experience at Goldman Sachs. Yuzo is known for creating the Japan Blockchain Association and lobbying various Japanese institutions, including the government, in an effort to convince them that digital currencies are not a scam.
In 2017, bitFlyer announced that it became the fourth digital currency exchange to receive a 'BitLicense' to operate in New York. The company has also previously been granted proper licensing from Japan's Financial Services Agency, the European Union, and a majority of states in America.
The exchange was one of the first members of The Virtual Commodity Association (VCA), a group founded by Cameron and Tyler Winklevoss of Gemini. Other members include Bittrex and Bitstamp. The VCA is one of the industry's first self-regulatory organizations and hopes to take steps toward transparency in the notoriously opaque and volatile cryptocurrency market.
By 2018, bitFlyer had raised about $36 million in funding from a mix of Japanese and American investors including Digital Currency Groups, Mizuho, Dai-ichi Life Group, Venture Labo, SBI Investment, GMO Venture Partners, East Ventures, Quick, GMO, B Dash Ventures, Dentsu, and Mitsubishi UFJ Capital.Read More