European bitFlyer users gain access to liquidity in Japan’s bitcoin market

The cryptocurrency exchange bitFlyer Europe announced direct access for traders to the liquidity of its parent platform in Japan.

For the very first time, bitFlyer Europe users will be able to access one of the largest bitcoin markets in the world: Japan. All under the umbrella of our European-regulated platform.

We call it cross-border trading, and it’s available, right now: https://t.co/xxbp1xOkBw pic.twitter.com/X9mSWdnxPP

— bitFlyer Europe (@bitFlyerEU) September 30, 2020

“For the very first time, European users will gain access to one of the largest bitcoin markets in Japan. All this on our regulated platform in Europe. We call it cross-border trading,” the company said.

According to the press release, about 20% of bitcoin trading in fiat currency pairs worldwide is in Japanese yen, of which 70% take place on bitFlyer.

“bitFlyer is now not only the first exchange licensed to operate in Japan, the EU and the US, but also the first to provide cross-border access to JPY liquidity,” the company said.

In the future, bitFlyer plans to make all trading pairs on its spot market available in all the regions it serves, for example BTC/JPY in the US, BTC/USD in Europe and Japan, and BTC/EUR in Japan and the US.

In September, bitFlyer Europe announced the integration with the PayPal payment system.

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