The New York Department of Financial Services (DFS) has granted one of the leading Tokyo-based crypto exchanges bitFlyer a BitLicense to operate in United States as a \u2018custodial wallet\u2019 service for bitcoin or a secure online address to hold Bitcoin.<\/p>\r\n
BitFlyer<\/a> can now operate its exchange in 41 states. It will trade only bitcoin\/USD pairs in the U.S. exchange only supporting deposit and withdraw via bitcoin and USD wire transfer. Users will be able to initially deposit and withdraw a limit of up to $2,000 in bitcoin per day and trade up to $3,000 in bitcoin per day. In addition, it will have several customer verification levels including name, address, email and cell phone verification.<\/p>\r\n The exchange\u2019s market will expand to include other Altcoins later.<\/p>\r\n \u201cOur expansion and upcoming cross-border trading addresses a huge unmet need in the U.S. by institutional traders looking to access large amounts of liquidity across multiple virtual currency markets,\u201d said bitFlyer USA\u2019s chief operating officer, Bartek Ringwelski, in a statement.<\/p>\r\n The DFS Superintendent, Maria T. Vullo, said in a statement that DFS will support and encourage technological innovation as the virtual currency market expands.<\/p>\r\n BitFlyer, the largest exchange market in Japan controls a daily Bitcoin trading volume of over $300 billion according to latest data and is among the best exchanges in the world. It offers spot trading and trading on margin, with a leverage of 1:15, and has traded more than $100 billion in virtual currencies so far this year.<\/p>\r\n In U.S., BitFlyer will compete with Coinbase<\/a> that has BitLicense<\/a> to operate 46 states with its GDAX platform<\/a> and Gemini<\/a> which has permission to operate in 46 states in U.S. Other exchanges with permission to operate in this market include XRP II, and Circle Internet Financial.<\/p>\r\n BitFlyer wants to expand its services to Altcoins including Litecoin, Ethereum, Ethereum Classic, and Bitcoin Cash from next year.<\/p><\/span>","protected":false},"excerpt":{"rendered":" The New York Department of Financial Services (DFS) has granted one of the leading Tokyo-based crypto exchanges bitFlyer a BitLicense<\/p>\n","protected":false},"author":4,"featured_media":1938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"footnotes":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[41,14,10,15],"tags":[],"class_list":["post-1500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchanges","category-investing","category-news","category-trading"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1500"}],"version-history":[{"count":3,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1500\/revisions"}],"predecessor-version":[{"id":5379,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1500\/revisions\/5379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=\/wp\/v2\/media\/1938"}],"wp:attachment":[{"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomorrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}