The cryptocurrency exchange BitFlyer has launched a new branch in European Union.
Japan-based bitcoin exchange operator is setting up shop in Europe, having already expanded to the U.S last year.
The launching of new satellite branch was announced and said it had received a payment institution (PI) license to operate its services in the European Union and is initially seeking to attract professional, high-volume traders – a sector it sees as underserved in the EU.
The move has been confirmed by the company’s EU branch COO, Andy Bryant, said:
“Through our web interface or API, traders can get up and running quickly and benefit from some of the most robust systems, highest speeds and an interface designed with their specific needs in mind,” he announced.
Currently, BitFlyer is the sixth largest exchange by bitcoin trading volume (BTC/JPY), according to data from CoinMarketCap.
Further, it claims to be the first bitcoin exchange to be regulated in Japan, the U.S. and, now, Europe.
The payment institution license was granted by Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF), and the Luxembourg House of Financial Technology Foundation (LHoFT).
It can be remembered that last November 2017, when BitFlyer launched officially in the U.S., after receiving approval from regulators including the New York State Department of Financial Services.