bitFlyer Adds Ethereum to Buy/Sell Platform

Japanese crypto exchange bitFlyer’s European and American subsidiaries on Friday announced the addition Ethereum to their buy/sell Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

It is the second digital currency on the platform since bitFlyer’s subsidiaries launched the service in July offering Bitcoin.

As Finance Magnates reported earlier, the new service of the overseas subsidiaries is an extension to its already existing pro-traders services, called Lightning. With it, the exchange is targeting “beginners” as well as “experienced traders” who are willing to invest in the original digital asset.

“At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. Not only has ETH proved itself as a useful altcoin, particularly in relation to smart contracts, it has an incredibly strong community that surrounds it,” Andy Bryant, co-head and COO of bitFlyer Europe, said.

“We’re committed to offering the best customer experience whilst prioritizing security and regulatory standards, and we’re proud to say Buy/Sell now offers this capability with ETH.”

Taping the lucrative foreign markets

bitFlyer extended its reach to international markets in November 2017 with the launch of its American subsidiary, followed by the launch of its European subsidiary in January 2018. The exchange also obtained BitLicense from the New York Department of Financial Services (NYDFS) to offer pan-American service.

“As crypto Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is evolving, we work to ensure that everything listed on our exchange complies with the global regulatory standards. We're excited for today's announcement, adding Ether to our growing portfolio of coins with NYDFS approval, and we're looking forward to launching more coins in the coming months,” Hailey Lennon, head of legal and regulatory affairs at bitFlyer USA, added.

Meanwhile, a new report by CryptoCompare revealed that as much as 54 percent of Bitcoin trading volume comes from “low-quality exchanges.”