Bitflyer, the world’s largest cryptocurrency exchange, received approval from the New York State Department of Financial Services for a "BitLicense" and now bitFlyer USA is approved to offer an online digital currency exchange and trading platform as well as provide custodial wallet services for the Bitcoin digital currency.
Tokyo-based bitFlyer has become the fourth digital currency exchange to receive approval for a "BitLicense". This brings the total number of states in which bitFlyer can operate to 40. Apart from bitFlyer, DFS has granted licenses to Coinbase Inc., XRP II and Circle Internet Financial.
Bitflyer is proud to have been granted a Bit License to do business in the state of New York. This is a nod of approval from one of the most influential state financial services regulators in the nation.
Bitflyer provides trading of bitcoin, bitcoin cash, and ethereum against the yen, with 24-hour BTC volume of around US $250 million. This accounts for 94% of all trading activity on the platform. Now, the company will be able to significantly broaden its customer base and to meet the needs of americans to buy cryptocurrencies.