Cryptocurrency Exchange bitFlyer Adds Ethereum (ETH) to Buy/Sell Platform
bitFlyer, a leading cryptocurrency exchange, has recently announced the addition of Ethereum (ETH) to its Buy/Sell trading platform. This move allows BitFlyer Buy/Sell users in Europe and the US to send and receive ETH while ensuring compliance with the robust regulatory standards that bitFlyer upholds for Bitcoin (BTC) transactions.
Expanding Service Offering
Andy Bryant, co-head and COO of bitFlyer Europe, expressed the reasoning behind the addition of ETH to the platform. He stated, “At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. Not only has ETH proved itself as a useful altcoin, particularly in relation to smart contracts, it has an incredibly strong community that surrounds it. We’re committed to offering the best customer experience whilst prioritizing security and regulatory standards, and we’re proud to say Buy/Sell now offers this capability with ETH.”
Adherence to Regulatory Standards
Hailey Lennon, head of legal and regulatory affairs at bitFlyer USA, highlighted the importance of compliance with global regulatory standards in the evolving landscape of crypto-regulation. She mentioned, “We’re excited for today’s announcement, adding Ether to our growing portfolio of coins with NYDFS approval, and we’re looking forward to launching more coins in the coming months.”
Licensing and Regulation
bitFlyer stands out as the only cryptocurrency exchange licensed in Japan, the US, and Europe combined. This demonstrates their commitment to regulatory compliance and security in the cryptocurrency space.
With the addition of Ethereum to its Buy/Sell platform, bitFlyer continues to solidify its position as a trusted and regulated exchange for users in Europe and the US.