Japanese cryptocurrency exchange bitFlyer adds 5 new altcoins

Japanese cryptocurrency exchange bitFlyer has announced the addition of five new cryptocurrency offerings to its trading platforms in the US and Europe.

According to the official announcement on Sep 23, bitFlyer’s American and European subsidiaries are now privileged to get access to five new altcoins for buying and selling on the trading platform. While bitFlyer Europe will boast of five additions, namely Bitcoin Cash, Litecoin, Ethereum Classic, Lisk, and Monacoin, BitFlyer US customers’ access will be limited to Bitcoin Cash, Litecoin, Ethereum Classic.

Japanese cryptocurrency exchange taking lead in the US and Europe markets

bitFlyer’s co-head, Andy Bryant, justifies the move stating that the firm has experienced tremendous response for these cryptocurrencies from its Japanese customers. Leveraging that experience, bitFlyer now aims to extend the services of these coins to two of its most significant consumer bases – Europe and the US.

In its attempt to continually look for ways to improve the consumer experience, Bryant furthers that the aforementioned digital assets open the doors to the largest virtual markets. By maintaining the same standards in speed, efficiency, and transparency, as they do in the Japanese market, bitFlyer hopes to garner appreciation from the two biggest cryptocurrency markets.

bitFlyer expands its horizons

bitFlyer has been one of the longest-running cryptocurrency exchanges in the world. Recently, Bitwise report to the U.S. Securities and Exchange Commission named it as a Real-10 exchange. It meant that bitFlyer is one of the very few exchanges to display genuine trading volumes, without traces of wash trading. 

So far, the firm has been making good progress given the frequent upgradation to its services and products. Last month, it joined forces with Tpoint Japan to launch an elaborate T-POINT Program that enabled users to acquire T-POINT rewards when making purchases using Bitcoin and subsequently use those points to earn Bitcoin.

In July, it also partnered with one of the largest trading companies in the world, Sumitomo Corporation, with an aim to transform the real estate industry in Japan. The massive-scale project, once successful, will enable Japanese rental customers to complete the entire house renting process using few clicks on their smartphones. Driven by smart contracts on Miyabi blockchain, will revolutionize the rental processes in the country and drastically reduce administrative time and costs.