Japanese cryptocurrency trading and coin exchange platform BitFlyer has acquired the payment license to operate in EU. It's the first of Asian exchanges to procure such a license well ahead of the competition.
BitFlyer is one of the largest exchanges in the world with daily volume over $300,000, according to Coinmarketcap.com. Their main focus is on more popular digital currencies, such as Bitcoin Core and Cash, Etherium Classic and Japanese favorite – Monocoin. European branch for now will offer only Bitcoin trading with fiat exchange to Euro. But there are plans of expanding the list of available cryptocurrencies in the future. Most probable candidates for such expansion are Bitcoin Cash, with its rising popularity, Litecoin and Etherium and its fork Etherium Zero.
The exchange's physical location will be in Luxembourg, where the permit has been issued. This decision is a logical step toward expanding their operations to meet European demand for digital currencies. Other exchanges will probably follow BitFlyer's example because Europe is, right now, one of the most high-demand regions in terms of cryptocurrency trading.