BitFlyer is a regulated cryptocurrency exchange headquartered in Tokyo, Japan. It was founded in 2014 by Yuzo Kano and Takafumi Komiyama, former employees of Goldman Sachs. BitFlyer operates cryptocurrency exchanges in Japan, the US, and Europe, facilitating trading of various digital assets like Bitcoin, Ethereum, Litecoin, and others.
The company's core offering is its trading platform that allows users to buy, sell, and exchange cryptocurrencies. It caters to both retail and institutional investors, providing spot trading, margin trading with leverage up to 4x, and futures trading. BitFlyer emphasizes security and regulatory compliance, implementing measures like cold storage of assets, multi-signature wallets, and adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
In June 2024, BitFlyer acquired the Japanese subsidiary of the defunct crypto exchange FTX, intending to revamp it into a digital asset custodial firm targeted at institutional investors. This move aligns with BitFlyer's goal of offering services related to potential crypto asset spot ETFs if a legal system is established in Japan.
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