DFSRegulated
United States Crypto Asset Exchange License (CEX)
bitFlyer
Regulated in United States
Crypto Asset Exchange License (CEX)
Global Business
Basic Information
Country/RegionJapan
Exchange AbbreviationbitFlyer
Company NamebitFlyer USA, Inc.
Operating Period5-10 years
Websitehttps://bitflyer.com/
Exchange TypeDecentralized Exchange
RiskNotice
2 risk alerts
FSARegulated
Japan Crypto Asset Exchange License (CEX)
CSSFRegulated
Luxembourg Crypto Asset Trading License (STP)
User Feedback
12
Exchanges with 24H trading volume exceeding 52.75%
$10,360,000
18.86% Exchange Overview
Exchange Overview
What Is bitFlyer?
bitFlyer is a Japanese crypto exchange with over 3 million users worldwide and over €180 billion in global trading volume in 2021. It has licenses to operate in the EU, US and Japan, and claims to meet the highest security standards in the industry.
The platform offers ‘bitFlyer Buy/Sell’ with a simple interface for beginners, and ‘bitFlyer Lightning’ for advanced traders. The exchange provides spot trading, margin trading, crypto derivatives, and claims to offer fast transactions, and instantaneous bank transfer and Paypal account funding.
Who Are the bitFlyer Founders?
The company was founded in January 2014 by Yuzo Kano and his colleagues Masuda Rikiya and Takafumi Komiyama, former employees of Goldman Sachs.
Yuzo Kano served as CEO until 2019, investors of bitFlyer Holdings, Inc. decided to replace the founder with Yoshio Hirako, however Kano is still the CEO of the American subsidiary. Previously, Kano was an equity derivatives trader at Goldman Sachs and BNP Paribas. Yuzo Kano is also the Director of the Japan Blockchain Association.
Takafumi Komiyama is the CTO at bitFlyer Holdings. Komiyama developed settlement systems for Goldman Sachs, and was previously at Sony Interactive Entertainment.
Where Is bitFlyer Located?
bitFlyer Inc. is headquartered in Tokyo, Japan, while bitFlyer USA, a subsidiary, is located in San Francisco, California.
bitFlyer Restricted Countries
The Tokyo-based crypto exchange does not provide services to residents of the following countries: Afghanistan, Algeria, American Samoa, Armenia, Azerbaijan, Bahamas, Belarus, Botswana, Burma/Myanmar, Burundi, Cambodia, Central African Republic, Chad, Comoros, Congo (Kinshasa), Crimea, Cuba, El Salvador, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guyana, Honduras, Iran, Iraq, Kazakhstan, Kosovo, Lebanon, Liberia, Libya, Libyan Arab Jamahiriya, Macao, Malawi, Maldives, Mali, Mongolia, Montenegro, Nauru, Nicaragua, North Korea, Pakistan, Palau, Palestinian Territory and Gaza Strip, Papua New Guinea, Samoa, Serbia, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Swaziland, Syria, Timor Leste, Trinidad and Tobago, Tunisia, Turkmenistan, Turks and Caicos, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe, Russia.
What Coins Are Supported on bitFlyer?
The platform supports a small range of digital currencies, about 11 digital assets, and Bitcoin can be purchased for Japanese Yen and USD. The list of popular trading pairs includes BTC/JPY, ETH/JPY, BTC/EUR, XRP/JPY, BTC/USD. Among the cryptocurrencies for trading are BTC, ETH, ETC, BCH, LTC and more.
How Much Are bitFlyer Fees?
Trading fees depend on the customer's 30-day trading volume. The buy/sell platform offers trading fees of 0.1% (for users who trade under $50,000 per month) and 0.2% for spot trades, however bitFlyer also offers free trading for BTC/EUR and ETH/BTC
Is It Possible To Use Leverage or Margin Trading on bitFlyer?
With Lightning FX and Lightning Futures, users can trade with up to 2X leverage. Lightning FX is a built-in service for effective investment of funds that allows customers to margin trade Bitcoin by making a margin deposit and settlements. For corporate accounts, the maximum leverage may vary.
Business Region
InfluenceAA0
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News
bitFlyer Becomes First Japanese Exchange to Win MiCA License
Japanese crypto exchange bitFlyer has secured a Crypto-Asset Service Provider (CASP) license under the European Unions Markets in Crypto-Assets (MiCA) regulation, becoming the first Japan-originated exchange to receive the approval. The license was granted by Luxembourgs financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), on June 26, just days before MiCA became fully effective across the EU on July 1. The approval allows bitFlyer Europe to operate across all 27 EU member states through the blocs passporting system without needing separate licenses in each country. bitFlyer Expands Across Europe Before receiving the CASP authorization, bitFlyer Europe operated under the Virtual Asset Service Provider (VASP) framework. The move to MiCAs CASP regime allows the company to continue serving European customers under a single regulatory framework as the EU ends its transitional period. The bitFlyer Group, founded in 2014, already operates under regulatory oversight in Japan and the United States. With the new authorization, the company now has regulated operations across three of the worlds largest crypto markets. In a statement, bitFlyer said it will continue prioritizing regulatory compliance, security, and customer protection while expanding its services under the new European framework. CEO Yuzo Kano said obtaining approval under one of the worlds strictest crypto regulations demonstrates
Japan’s SBI Buys Crypto Exchange Rival Bitpoint
Japanese Securities Giant SBI Completes Takeover of Crypto Exchange Bitpoint Source: Pixs:sell/Adobe The Japanese securities giant SBI has completed a takeover of the rival crypto exchange Bitpoint. The move consolidates the firms increasingly tight grip on the domestic crypto market – and marks the second time it has taken over a domestic rival. SBI confirmed the move in a post on its website. The company snapped up a controlling (51%) stake in Bitpoint back in May last year. But, the firm wrote, it has now agreed a deal to buy the remaining 49% of Bitpoints share. The company did not disclose how much it had paid for the shares. SBI explained that it would move to make Bitpoint a “wholly owned subsidiary” firm. The company also outright owns the TaoTao crypto trading platform – an exchange that was formerly part-owned by Yahoo Japan. SBI bought TaoTao in 2020. SBI also operates SBI VC Trade, its own organic crypto exchange. SBI noted that it would use liquidity from its UK-based subsidiary B2C2 to improve existing Bitpoint services. The firm added that it may look to list gaming-related tokens on the platform in the future. Bitpoint was founded by the points system operator Remixpoint. Japanese Securities Giants Muscling out
Top Crypto Exchanges Record High Volume Bitcoin Withdrawals Amidst Bull Run
The crypto space has been buzzing with activity in the past few days because of the price surge of bitcoin and altcoins. One of these activities that have gone unnoticed is the movement of bulk bitcoins from exchanges. Transactions on the blockchain show that 92,085 bitcoin was withdrawn from major crypto exchanges in the last 30 days. According to Viewbase, this number accounts for about 6% of the bitcoin balance in these exchanges within the timeframe. The exchanges ranked according to their user bitcoin holdings are Coinbase, Huobi, Binance, Kraken, OkEX, Bitfinex, Bitflyer, Bittrex, Coincheck, Gate.io, Bitstamp, Poloniex, and BTC.top. Coinbase has experienced the biggest slump in the number of user bitcoin holding. The exchange which reportedly holds the highest amount of bitcoin for users has seen its user holdings drop from 973,000 bitcoin in February 2020 to 805,000 bitcoin presently. Huobi users have withdrawn about 2,085 bitcoins in the past 30 days, while Binance users have withdrawn 2,073 bitcoins in the same period. The massive withdrawal from exchanges is quite the reverse of what many analysts expect in the present market. It has raised many questions begging to be answered, most popular is the rationale behind these withdrawals. Could it be institutional
