Major Japanese cryptocurrency exchange bitFlyer announced that it would allow US-based customers to access its Yen-Bitcoin trading pair.
What Happened: BitFlyer U.S.A. announced today at Bitcoin 2021 conference that American customers will be able to tap into the world s largest BTC/JPY market.
According to the company s spokesperson, this move will lead to increased liquidity and new arbitrage opportunities.
The launch of the exchange s cross-border trading for US-based customers enables Americans to access a regulated Bitcoin market denominated in Japan s fiat currency.
BitFlyer USA Chief Operating Officer Joel Edgerton explained that the development allows Bitcoin to fill an important role in the international economy.