World's largest Bitcoin exchange enters Europe
The Tokyo-based operator has been granted a Payment Insitution (PI) licence by Luxembourg's financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), to operate in the European Union, the Luxembourg Times reported.
Around 25% of worldwide bitcoin exchange volumes are being facilitated by bitFlyer, and more than $250 billion (€204 billion) in virtual currency was traded on its platform in 2017, according to a statement by the operator.
The company will be based at the Luxembourg House of Financial Technology Foundation (LHoFT).
BitFlyer's initial product offering is the BTC/EUR pair, and the company is planning to add support for other virtual currencies including Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash later in the year.
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