bitFlyer Soars Across The Pacific To Launch US Based Exchange

It has been reported that Japanese cryptocurrency exchange bitFlyer will endeavor to open its doors to US customers in the near future after now having established an office space in San Francisco.

An exact date has not been released, but its website indicates that the exchange has targeted fall of 2017 for an initial launch of its trading platform. Company representatives also said that 34 states have given bitFlyer approval to operate. On the company's growth, CEO Yuzo Kano spoke of international ambitions, "While bitFlyer, Inc. is headquartered in Japan, my vision was always to create a global company, and I am excited that the U.S. will be its first step toward global expansion. Bitcoin is a global currency, now our exchange will be global too."

The announcement on bitFlyer's expansion comes weeks after Hong Kong-based cryptocurrency exchange Bitfinex made the opposite move by suspending services to US customers in phases that will ultimately see the exchange divest from the US market. Bitfinex cited a number of issues for this move, including backlogged verification requests and difficulties adhering to regulation while maintaining profit margins from US accounts. It remains to be seen how bitFlyer will go about tackling these very same issues.

The US-facing website for bitFlyer invites interested parties to enter their emails and join a waitlist pursuant to the launch of the trading platform. Initially, bitFlyer will support the trading of bitcoin, while expansion to other cryptocurrency trading pairs is slated to roll out as the year presses on.

More coverage will be provided by ETHNews as the exchange goes live.