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bitFlyer Registers As Type 1 Financial Instruments Business By CoinQuora

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bitFlyer registers as Type 1 Financial Instruments Business
  • bitFlyer released a “Notice of Registration as a Type 1 Financial Instrument Business.
  • This is the Financial Instruments and Exchange Act, effective October 14, 2021.
  • bitFlyer plans to open new registrations in order to offer margin trading services for crypto assets.

bitFlyer Inc. has recently declared that it is now registered under the Financial Instruments and Exchange Act (October 14, 2021).

BitFlyer, a well-known crypto exchange, is located in Japan. The exchange is the leader in (BTC trading volume over the past five years. bitFlyer, which was established in 2014 has tried to establish a globally liquid platform that allows crypto assets traders to trade. Its core business is margin trading for crypto assets. They also continue to create new services that are more liquidity-oriented. bitFlyer is proud to offer these services to an international customer base.

BitFlyer, as you can see in this Twitter thread, expressed joy at the registration by saying

This successful registration means that we will reopen registrations for margin trading for crypto assets. They are considered over-the-counter derivatives trading in crypto assets trading under the Financial Instruments and Exchange Act.

BitFlyer also listed over-the-counter cryptocurrency assets such as Lightning FX or Lightning Futures. BitFlyer also stated that more information will be provided about the matter as it becomes available. bitFlyer provided detailed information in its publication about the registration notice.

Date of registration: Thursday, October 14, 2021

Name of Financial Instrument Business: bitFlyer Inc.

Register Number: Director General of Kanto Local Finance Bureau 3294 Type 1 Financial Instruments Business

In conclusion, as a Type 1 Financial Instrument Business, bitFlyer stated that it hopes to provide an environment wherein its customers will be able to trade crypto assets with higher security — resulting in a profound peace of mind. BitFlyer stated that the company aims to be the most prominent crypto exchange on the blockchain.

For more information about bitFlyer click here

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