Japanese market-leading crypto exchange bitFlyer said it has linked its bitFlyer Europe operations with its domestic platform – allowing European traders to access bitcoin (BTC)-Japanese yen trading pairs in what it said is a “world-first.”
“It’s cross-border trading,” tweeted bitFlyer CEO Yuzo Kano.
“Before now, it’s been virtually impossible for traders with euros to participate in the BTC/JPY trading pair without going through multiple extra steps and/or sign up processes, bringing unwanted inconvenience and delays.”
The firm also claimed that as “Japan’s leading exchange,” over “70% of the JPY trading volume passes through” its Tokyo-based platform – and that the move “consolidated its position as a global player.”
The 24-hour BTC/JPY trading volume on bitFlyer stands at more than USD 44m, while total trading volume hit almost USD 49m, according to data from Coinpaprika.
Trading volume on bitFlyer:
At pixel time (08:18 UTC), BTC trades at USD 10,726 and is unchanged in a day. The price is up by almost 3% in a week, trimming its monthly losses to less than 8%.
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