BitFlyer Launches Bitcoin Exchange in US Market

BitFlyer, the Japan-based bitcoin exchange, has officially launched in the United States.

This comes after BitFlyer received approval from the New York State Department of Financial Services (NYDFS).

The move was announced today and it concludes a private beta that witnessed the exchange working with 2,000 users.

The official launch also comes a few months after the company revealed its plans to open its doors in the US.

At the time, the startup announced it had obtained permission to operate in 34 different states.

"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,” said CEO Yuzo Kano at the time.

“Bitcoin is a global currency, now our exchange will be global too," he added.

As part of the launch, bitFlyer disclosed that it had been given a BitLicense by regulators in New York.

Established in 2015, the BitLicense framework was an initial effort to govern companies working with cryptocurrencies in the country.

"BitFlyer is proud to have been granted a BitLicense to do business in the state of New York," Kano said in a statement.
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