BitFlyer, the Tokyo-based operator of the world’s largest Bitcoin (Bitcoin) exchange, has been granted a Payment Institution (PI) license to operate in the European Union, Business Wire reported.
“What we bring to Europe is a platform designed by traders for traders,” says Andy Bryant, Chief Operating Officer of bitFlyer Europe.
“Through our web interface or API, traders can get up and running quickly and benefit from some of the most robust systems, highest speeds and an interface designed with their specific needs in mind.”
Speaking about the importance of today’s announcement, founder and CEO of BitFlyer and ex-Goldman Sachs trader, Yuzo Kano, said:
“I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook.”
BitFlyer’s initial product offering is the BTC/EUR pair. The company plans to add support for other virtual currencies such as Litecoin (LTC/USD), Ethereum (ETH/USD), Ethereum Classic (ETC/USD) and Bitcoin Cash (Bitcoin.Cash) later in the year.
BitFlyer Europe is offering zero percent trading fees as an introductory promotion until the end of February 2018.