The European and American subsidiary of Japanese crypto exchange bitFlyer has added multiple altcoins to its buy/sell platform.
Announced on Tuesday, the European subsidiary of the exchange will add Bitcoin Cash, Ethereum Classic, Litecoin, Lisk, and Monacoin, while bitFlyer USA will list only three additional coins - Bitcoin Cash, Ethereum Classic, and Litecoin.
This is an extension to the already available buy/sell on the two platforms. bitFlyer introduced the addition in July this year with an aim to simplify trading of Cryptocurrencies . Launched only with Bitcoin, the platform added Ethereum to it last month.
“By adding new altcoins, we are expanding bitFlyer’s Buy/Sell offer significantly, giving our customers instant access to some of the largest and most exciting altcoins in the world,” Andy Bryant, co-head and COO, bitFlyer Europe, said.
“Those currencies were previously only available to our Japanese customers, so we’re also consolidating our offer across regions, building a global platform for traders all over the world. By leveraging our experience in Japan, we can offer our European and US customers the same level of speed, simplicity, and transparency as we already do for those trading Bitcoin and Ethereum.”
Expanding business outside Japan
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 a BitLicense from the New York Department of Financial Services (NYDFS) to offer pan-American service.
Apart from the buy/sell option, the platforms also offer a pro-trading service, called Lightning, with digital currencies.
A market report published recently revealed that bitFlyer is not prone to raising concerns of wash trading in the market. However, in the past few months, under five percent of the exchange’s trading volume came from wash trading.
