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Europe licensed crypto exchanges
We bring you a list of the most popular licensed cryptocurrency trading platforms in Europe.
Crypto exchanges are subject to local laws and regulations, so it is essential for any investor or trader looking to use one of these platforms to first understand what the regulatory environment is like in the jurisdiction they intend to trade from. In many countries, crypto exchanges must be licensed and regulated by their respective national financial authorities in order to offer their services.
Depending on the legal requirements of a given jurisdiction, crypto exchanges must provide detailed information about their operations, such as details of their physical presence or trading volumes. This helps ensure that all transactions conducted on these platforms are in compliance with local laws and regulations. Additionally, licensed crypto exchanges must also adhere to strict anti-money laundering (AML) and KYC policies. By doing so, investors and traders can be confident that their funds are safe and secure when trading on these platforms.
Binance
- www.binance.com
- Daily visitors: 4 541 180 Daily Pageviews: 25158 138 Alexa rank: 100
- License in Europe
- Lithuania - https://rekvizitai.vz.lt/en/company/binance/
Description of company activity:
Binance, the largest cryptocurrency exchange in the world by volume, offers its customers a wide range of cryptocurrencies, including over 1600 on-spot markets, derivatives, and DeFi. On Binance, you can trade in spot, margin, and futures, as well as P2P. Binance's largest volume is made up of bitcoin and ether perpetual options.
The history of the company:
Binance, a cryptocurrency exchange, was established in 2017. It has grown to be a global blockchain company that provides a wide range of services for traders and investors.
Chanppeng Zhao is the head of Binance, also known as CZ in crypto circles. CZ has been involved in the development of software for Wall Street futures trading since 2005. CZ moved to Shanghai in 2005 after he was promoted to the head of the Bloomberg Tradebook Futures' research group. Fusion Systems was founded by CZ. He worked as a technology director at Blockchain.info and on other projects after discovering Bitcoin.
Binance ICO made about $15 million in 2017. The number of registered users was over 20,000 at the initial stage.
Binance had to stop registering new users in early 2018 to upgrade its architecture. About 240,000 people registered within the hour after registering just a few days later.
Binance ranked number one among the top crypto exchanges worldwide in terms of trade volume in January 2018. CZ was featured on Forbes magazine's cover.
Binance, despite being relatively young, is today a global leader in cryptocurrency trading. Not only is it a spot trading platform that has reached the top but also a crypto derivatives trading platform that is just one year old. Chanppeng Zhao's perseverance, perseverance, and initiative made this possible. The team has over 1,000 members and serves users in more than 180 countries.
Coinbase
- www.coinbase.com
- Daily visitors: 1,148 561, Daily pageviews : 3,974,024 Alexa rank: 584
- License in Europe
- UK - https://blog.coinbase.com/major-strides-in-europe-coinbase-is-the-first-crypto-exchange-to-obtain-a-uk-bank-account-144f0e8ed7ce
- Germany - https://blog.coinbase.com/coinbase-secures-first-crypto-licence-in-germany-8a5207fbc03b
- Ireland - https://www.coindesk.com/markets/2019/10/14/coinbase-eyes-european-growth-after-winning-irish-e-money-license/
Description of company activity:
Coinbase, the largest cryptocurrency exchange in America, went public on Nasdaq in a $86 billion direct listing. This was the largest ever in American history. Coinbase is licensed by the New York DFS. It has a virtual currency license and serves 44 states in the United States. Additionally, it holds a New York State bank license. Coinbase has the most coins and markets of all U.S. cryptocurrency exchanges and is launching an NFT marketplace as well as a derivatives service.
The history of the company:
Coinbase was founded in 2012 by Brian Armstrong, a 29-year-old programmer. It has become an important tool to help the United States move away from traditional banking. Armstrong made a timely start in the rapidly growing cryptocurrency market and was able to grow the company up to $100 billion in nine years' time. He also managed to make his own $1 billion of wealth.
Coinbase launched services that allow users to purchase and sell bitcoins via bank transfers in 2012. In May 2012, it received $5 million from Union Square Ventures. Andreessen Horowitz, one of Silicon Valley’s largest funds, invested $25 million in Coinbase in December 2012. This made it the largest venture capital investment in the crypto company. Coinbase has raised more than $500 million since 2012.
The cryptocurrency speculative bubble was a powerful stimulant for Coinbase's development. It inflated in 2013.
Bitcoin's price rose over 100 times per year, from $10 in 2011 and $1,100 in 2013 to $200 in 2013. It also fell below $200 in 2015. Coinbase acquired several related services and introduced insurance to cover bitcoins stored on its servers. It also launched a secure crypto storage system. This created trust and allowed for the exchange of new customers.
The founders invited Adam White, an engineer and former five-year veteran of the US Air Force, to be their partner in November 2013. White was a Harvard graduate who is also a bitcoin enthusiast. He was assigned the challenging task of finding ten companies that had sales over $1 billion and signing agreements with them to accept Bitcoin payments. Coinbase and Overstock.com signed an agreement two months later. Coinbase opened "gateways" to other corporate customers through Bitcoin deals that were conducted by large companies. This is reminiscent of White. Expedia and Dell soon began to work with a startup, which raised confidence in Coinbase and cryptocurrency generally. Coinbase is now used by thousands of small and large traders to accept Bitcoin payments.
Coinbase also entered into agreements with traditional payment systems like Stripe, Braintree, and PayPal. These systems were able, thanks to Coinbase to process Bitcoin transactions.
Coinbase reached a million users in 2014, and the private customer base has increased at an amazing rate. Coinbase was able to grow its faith in cryptocurrency and related companies. In January 2015, Coinbase received $75 million from the Draper Fisher Jurvertson Foundation and the New York Stock Exchange.
In 2017, the stock exchange received $100 million in investments. Institutional Venture Partners was the largest investor. They previously invested in Snap, Twitter, Dropbox and Slack. The startup's valuation was $1.6 billion at the time. Coinbase was the first cryptocurrency exchange to be called a "unicorn", and it is now worth more than $1 billion.
Coinbase was able to open new doors with the 2020 crypto-boom. The exchange made more than $300 million during the year of the pandemic. This was mainly due to transaction fees.
Coinbase made another round of investments, this time with a record-breaking $100 billion valuation. This was in addition to its financial success and expanding customer base (currently 43 million). Armstrong's success prompted him to publicize the company, not through an IPO process but via a direct listing on Nasdaq. It now claims to be the most expensive U.S. platform. IPO Facebook 2012: The first public listing of IT companies
Crypto
- www.crypto.com
- Daily visitors: 251,047 Pageviews per day: 502,094 Alexa rank: 2021
- License in Europe
- Malta - https://blog.crypto.com/first-emi-from-mfsa/
Description of company activity:
Crypto.com: The naming rights for the former Staples Centre in Los Angeles were purchased by Crypto.com, a Singapore-based company that is U.S. and Europe-regulated. The exchange offers 349 trading pairs and trades 169 currencies. Crypto.com trades more coins than Coinbase, even though it charges a higher fee (40 basis points for entry-level transactions).
The history of the company:
Crypto.com supports trading, investment, sourcing, and wallets as well as NFTs. It offers many cryptocurrencies and moderate fees to its Crypto.com Coin Token owners (CRO). Crypto.com's ecosystem is for users who wish to make a profit on their cryptocurrency assets in many other ways than trading.
Crypto.com was established in 2016 in Hong Kong. It currently serves over 10 million customers from 90 countries.
Monaco was the original name of the project. It held an ICO in 2017 raising $26.7 million through its MCO token. Monaco was renamed in 2018 and given its current title. The company also announced the launch of its own crypto.com Chain with a token CRO.
Crypto.com launched a cryptocurrency exchange in late 2019 and later introduced products like Crypto.com Pay and Crypto Earn.
The company also launched DeFi Swap and DeFi Wallet non-custodial services in 2020.
Overview of Crypto.com's main products:
- Metal Visa Cards – Visa payment card to spend cryptocurrencies and get cashback
- Crypto.com App – The main Crypto.com application
- Crypto Credit - Crypto lending services
- Crypto.com Trading Platform - Crypto.com Exchange This platform is designed to allow you to trade cryptocurrencies with deep liquidity, fair prices, and low commissions.
- Crypto.com NFT – Service to buy and sell non-fungible tokens, with support for exclusive collection;
- The Syndicate - Service to sell cryptocurrencies at a discounted price;
- Supercharger – Staking pool to earn tokens from DeFi projects
- DeFi Swap – A platform to trade DeFi tokens. An analog to Uniswap
- DeFi Earn - An income farming service for the decentralized finance sector
- Crypto.com Price – Information about the prices of cryptocurrency.
- Crypto.com allows you to trade
- Crypto.com's main platform consists of a mobile application that is available for both Android and iOS devices. Crypto.com is easy to understand if you have ever traded on the stock market with your smartphone.
You can quickly access your portfolio and other popular assets through the app. The mobile app from Crypto.com has everything you need including trading, betting and card transactions. All these features can also be found on the Crypto.com website via browser.
Crypto.com makes it easy to use simple graphics tools, without overwhelming the user with too much data. The platform supports traditional currencies such as the Russian ruble.
Huobi
- www.huobi.com
- Daily pageviews: 240,888 Daily visitors: 1,228,529 Alexa rank: 2173
- License in Europe
- Gibraltar - https://chainbulletin.com/huobi-global-to-migrate-spot-trading-services-to-gibraltar
- Lithuania - https://rekvizitai.vz.lt/en/company/alt_exchange/
Description of company activity:
Huobi Global: Huobi Global was founded in China in 2013. It provides services for intermediate and advanced traders. The company offers spot markets for more than 200 assets. It also offers derivatives, margin services, and prime brokerage. In 2021, the company shut down all Chinese markets and operates its operations out of Singapore. Huobi is also licensed in Japan, Gibraltar, and Luxembourg.
The history of the company:
Huobi, a Chinese cryptocurrency exchange, is currently ranked 4th in CoinMarketCap’s liquidity ranking. Leon Lee created it. Huobi was launched on August 2013.
The project was quickly made popular by Dai Zhikan, the Zhen Foundation, and other investors. Huobi was awarded a $10 million investment by Sequoia Capital a year later. Huobi's popularity grew quickly, from 1 trillion Yuan ($144.2 trillion) in June 2016 up to 1.7 trillion Yuan ($245.2 trillion) in November 2016.
The exchange's head office was relocated to South Korea after cryptocurrencies were banned by China in 2017. Trading resumed in March 2018, under the domain name huobi.pro. The exchange launched units in Singapore, Japan, and the United States within six months of the "move". Huobi purchased BitYes in 2018, expanding its European user base and American customer base.
There are also branches in Japan and Singapore as well as the USA, Russia, and Canada. After an incident in which Coincheck was hacked, Huobi received a license from Japan's FSA.
The platform now supports 550 cryptocurrencies as of March 2020. The daily trade volume for the platform is $16,643,855,496 as of March 19, 2020.
Blockchain.com
- Blockchain.com
- Daily visitors: 320 485 Daily pageviews: 1,346,040 Alexa rank: 2434
- License in Europe
- Lithuania - https://www.blockchain.com/legal/terms
Description of company activity:
Blockchain.com, formerly Blockchain.info, is a Bitcoin- and Ethereum-based blockchain exploration service and a cryptocurrency wallet that supports Bitcoin Cash, Ethereum, and Ethereum. It provides insight, data, and statistics on Bitcoin and Ethereum. London is the headquarters of the company.
The history of the company:
The service was launched in August 2011 and provides information on transactions, blocks extracted from the bitcoin blockchain, graphics for the bitcoin economy, statistics, and resources to developers. This site is frequently quoted in media and on cryptocurrency forums. The Blockchain.info Android app allows users to securely send and receive cryptocurrency, as well as view the blockchain. The company purchased ZeroBlock LLC in December 2013. ZeroBlock LLC was a leader in mobile Bitcoin apps.
Blockchain.info was the most popular bitcoin website worldwide in 2013, with more than 118 million page views, and more than 3 million unique visitors in November 2013. Blockchain.info had one million users in January 2014.
Apple Inc. pulled the Blockchain app out of the App Store in February 2014. This triggered a strong backlash against Blockchain and a public outcry within the Bitcoin community, including Reddit. The app was restored by Apple in July 2014.
Blockchain.info raised $30.5 million for Lightspeed Venture Partners, Mosaic of Ventures, and other digital currencies in October 2014. This was the largest round of funding in the sector at that time.
Peter Smith, Blockchain.info director, was invited by David Cameron to join him on a tour to South Asia in August 2015. He wanted to talk to local representatives about the United Nations' role in FinTech.
In June 2017, Blockchain.info cofounders Nicholas Carey, Peter Smith, and Peter Smith announced a $40 Million Series B investment.
Blockchain.info's domain name was changed to Blockchain.com in June 2018.
Blockchain introduced Stellar (XLM) in November 2018. To facilitate the creation of a community and the appearance of this currency on the platform, the company will give $25 worth of XLM to anyone who can prove their identity.
Blockchain.com raised $300m in a fundraising round at the end of March 2021. This was just one month after the crypto startup had raised $120 million and $3 billion in valuations. VY Capital and Lightspeed Venture Partners were the main investors. DST Global partners were also involved in the transaction.
According to analysts, venture capitalists are looking to capitalize on the rise in bitcoin and other cryptocurrencies. Square and Tesla are large companies that also purchase bitcoins. Ilona Maska purchased bitcoins in the amount of $1.5 billion. Blockchain.com claims 28% of all bitcoin transactions made since 2012. Blockchain.com claims responsibility for 28% of all bitcoin transactions since 2012.
Keep in mind that Blockchain.com announced that its platform was valued at around $14 billion in round funding in March 2022. According to Blockchain.com, this funding was led and managed by Lightspeed Venture Partners. Baillie Gifford & Co. were the principal participants.
Kraken
- www.kraken.com
- Daily visitors: 198.750 Daily pageviews : 854,628 Alexa rank: 3654
- License in Europe
- UK - https://support.kraken.com/hc/en-us/articles/360031282351-Is-Kraken-licensed-or-regulated-
- Lithuania - https://rekvizitai.vz.lt/en/company/kraken_projektas/
Description of company activity:
Kraken: Kraken is a cryptocurrency exchange that's licensed in the US, UK, and Lithuania. It serves experienced crypto traders. The company is licensed by the State of Wyoming and serves all US states except New York. It recently presented proof of reserves for $19 million of client assets. This is the first exchange to do this in history. It is a licensed broker with 13 licenses around the world and plans to go public in this year's IPO. Producers pay 16 basis points less than other large regulated companies. It is the only Class-A company to have a futures market.
The history of the company:
Kraken is an American digital currency exchange service. Total trade accounted for approximately 13% of global turnover as of December 2019. The Bloomberg terminal displays the data for the app.
Jesse Powell, a San Francisco resident, founded the company in 2011. Since September 2013, it has been in continuous operation. It has been continuously operating since September 2013. It also offers Android and iOS mobile apps. You can find the instructions to work with Kraken cryptocurrency as well as information about the size of your commission on both the website and the app. Developers will love Kraken API.
Kraken was joined by other American players in digital currency and payment to create the Digital Asset Transfer Authority (DATA), Creation Committee, in July 2013. The committee's stated purpose was to establish DATA as an industry self-regulatory body. In April 2014, the first annual DATA meeting took place.
The Kraken declared that it had discovered the major flaws in Namecoin's protocol and would not allow cryptocurrency transfers until these were fixed. Namecoin was eventually fixed and appeared on the Kraken stock market. However, it was removed two years later due to declining trading volumes.
Kraken was one of a number of companies that advised Miyuki Fukuda (Japan Digital Assets Authority) in July 2014. JADA is the state's first organization to regulate economic relations in bitcoin use and exchange.
The service was the largest global trader of bitcoins per Euro in 2014. Information about Kraken was made available on the Bloomberg terminal interface in April 2014.
Jesse Powell, a month before Kraken's cryptocurrency was launched, wanted to help Mt. Gox was the victim of a hacker attack. Powell decided to create his own cryptographic exchange after seeing the technical difficulties of MtGox. This would allow him to continue to introduce Bitcoin to the masses. Jesse Powell says that he realized after MGox that the exchanger was the most important part of the ecosystem.
After two years of development, beta testing, and launch, the Kraken was released in September 2013. Initially, the Kraken was limited to trading Bitcoin, Litecoin, and Euro. Later, other fiats were introduced and cryptocurrencies added, such as Ethereum, Ethereum Classic and Monero.
Kraken was the first cryptographic trading platform to show trade information on Bloomberg's terminal. It also underwent a cryptographic audit of Proof of Reserve.
Kraken purchased the American companies Coinsetter, Glidera, and the Canadian Cavirtex in 2016. The cryptocurrency purchased the CryptoWatch trading platform in 2017.
Kraken's exchange was hit with DDoS attacks and performance problems in 2017. Kraken stopped trading on January 10, 2018, for 48 hours in order to install an update which took only two hours. It has been the longest period without internet access since its opening in 2011.
Gemini.com
- Gemini.com
- Daily visitors: 119.856 Daily pageviews: 491,411 Alexa rank: 6382
- License in Europe
- UK - https://www.fintechfutures.com/2020/09/crypto-exchange-gemini-launches-in-uk-armed-with-emi-licence/
- Ireland - https://cointelegraph.com/news/gemini-receives-license-to-provide-electronic-money-services-in-ireland
Description of company activity:
Gemini: Gemini was founded by the Winklevoss Brothers in 2013. It is an American-regulated crypto exchange. Gemini heavily relies on its image to encourage regulatory compliance. Nifty Gateway, an NFT platform owned by the company, is also part of its portfolio. In November 2021, the company raised $400 million at Morgan Creek Digital for a valuation of $7.1 billion. The exchange's turnover is middle-ranking, but the number of markets and coins is slightly lower than average.
The history of the company:
Gemini Trust Company LLC (Gemini), is a digital currency exchange that allows customers to store, buy and sell digital assets. It is a trusted company that provides New York State Financial Services (NYDFS) and was founded by Tyler Winkler and Cameron Winkler.
According to CNBC, Gemini was the first world-licensed Ethereum exchange in June 2016. Gemini became the first Zcash exchange licensed in the world in May 2018. The company is licensed in the USA and Canada as well as the UK, Ireland, South Korea (Hong Kong), Singapore, and the UK. All users are able to trade fiat and cryptocurrencies on the open market. Users can transfer dollars from and to their bank accounts.
The twins started by helping to store and purchase bitcoins using a sophisticated private key system. To minimize hacker losses, only a small portion of the bitcoins listed on the stock exchange is online.
Gemini was founded by Cameron Winklevoss and Tyler Winklevoss in October 2015. The twins began to add financial services, including API support and FIX, to their offerings. Andrew Cuomo, New York State Governor, announced that Gemini was approved as the first licensed Ethereum trading platform based in the United States. The Twins also announced in 2016 that users would be able to remove Ethereum Classic from the exchange after the Ethereum hard fork code.
Gemini announced in October 2017 that registered users could withdraw Bitcoin Cash from its stock exchange if they had a balance before the August 2017 Bitcoin hard fork.
Winklevoss Twins stated their primary goal for 2018 was to add Bitcoin Cash, Litecoin, and Bitcoin Cash.
The Twins have added many products and partnerships to their network and portfolio in March 2018. Caspian is a fully-functional cryptocurrency trading and risk management platform that caters to sophisticated institutional investors.
Gemini will use NASDAQ SMARTS technology by Reuters to monitor transactions and fight fraud on its stock exchanges.
The New York City Financial Services Department approved the Twins' proposal to Zcash (ZEC). This was announced on May 14, 2018. NYDFS stated that it approved the Twins' proposal on their Zcash (ZEC) platform. Gemini CEO Tyler Winklevoss said that the Twins were "proud" to be the first licensed exchange that offers trading and storage services for Zcash.
Bloomberg News reported on September 10, 2018, that Gemini received NYDFS approval for the release of the Gemini Dollar (GUSD) and would start trading coins the same day. The product is stable that supports 1:3 US dollars, according to the twins.
On October 3, 2018, the Twins received digital asset insurance that covered tokens and coins in his stock exchange. Bloomberg Markets reported Aon, a London-based public risk consulting firm and the next group of global underwriters, concluded the insurance agreement.
Samsung announced a partnership with them in May 2020. This partnership allows Samsung smartphone users to link their Samsung Blockchain wallets into their Gemini accounts, which will allow them to view balances and transfer cryptocurrency data.
Gemini Trust Co. purchased Nifty Gateway in November 2019 for an undisclosed sum. Nifty Gateway is the NFT marketplace. The NFT market's purpose is to serve as the custodian for various assets such as property documents, passports, and merchandise.
CEX.
IO
- www.cex.io
- Daily visitors: 43.336 Daily pageviews: 229.681 Alexa rank: 15610
- License in Europe
- UK - https://cex.io/legal-security/uk
- Gibraltar - https://cex.io/legal-security/gib
Description of company activity:
CEX.
IO, a UK-based cryptocurrency exchange, was established in 2013. It is regulated in the UK and Continental Europe. CEX.
IO is primarily retail-oriented. IO is now moving into the institutional space, offering prime brokerage, margin trading, and API services. Over 100 coins are available for trading.
The history of the company:
CEX.
IO offers an online exchange for digital currencies like bitcoin, litecoin, and Ethereum with support for fiat currencies like the dollar, pound, and euro. The company is the owner of GHash.
IO, one of the most popular bitcoin mining pools. It also provides cloud mining services.
CEX.
IO claims that it has offices in the UK and the USA as well as Gibraltar, Gibraltar, Cyprus, and Ukraine.
CEX.
IO was established in the UK in 2013. It was established in the UK as a cloud mining provider.
CEX.
IO introduced a service that allows the instant purchase of cryptocurrency using bank cards in 2014.
CEX.
IO announced in 2015 that cloud mining services were being suspended due to the decline in bitcoin's price.
October 2016 saw the closure of the GHash.
IO pool. CEX.
IO remained in operation as a cloud mining service and, later, as a cryptocurrency exchange. There was also an option to withdraw funds to Visa or Mastercard bank cards.
CEX.
IO was founded in 2018 as a member of CryptoUK. This self-regulatory association represents UK cryptocurrency market participants.
CEX.
IO was established in London, United Kingdom in 2013. As a demonstration of compliance with the payment card industry security standards, CEX.
IO was certified by PCI DSS.
CEX.
IO provides its services globally since 2013. The company has gained the trust of over 3,000,000 customers. Our team is committed to providing the best service possible.
The trading turnover for the crypto exchange and wallet was $10 billion in 2020. It surpassed $6 billion in the first three months of 2021.
The company's headquarters are in London (UK). The company has offices in New York, New Jersey (USA), Kyiv, and Cyprus as well. They often hire marketers and support professionals from different countries. According to the company, each market is different and requires unique attention from individual teams.
Access to new markets. CEX.
IO is actively expanding internationally and has received licenses in new countries. CEX.
IO is already present in 90% of the countries around the globe and continues to grow this number.
The creation of an ecosystem that caters to different consumer needs. The company noticed a growing interest from institutional investors like asset managers and hedge funds in cryptocurrency. CEX.
IO has now created a product line to cater to these customers.
Bitflyer
- www.bitflyer.com
- Daily visitors: 50.675 Daily pageviews: 197.632 Alexa rank: 14987
- License in Europe
- Luxemburg - https://bitflyer.com/en-eu/faq/100-6
Description of company activity:
bitFlyer: BitFlyer, one of Japan's most popular crypto exchanges is regulated in Japan, America, and Europe. It restricts its supply to bitcoin, and specifically to bitcoin vs. yen (BTC/JPY), which is available for a fee ranging from 15 basis points to buyers and producers.
The history of the company:
BitFlyer Exchange allows you to trade cryptocurrency on a digital platform. It allows you to trade Bitcoin, Ethereum Classic, and Bitcoin Cash. Fiats can be represented by the US Dollar and the Japanese yen. Two trading options are available on the platform: a simplified TradingView terminal or a professional Lightning Exchange solution. This is the company's development. Only the simplified trading terminal is available in a mobile version. The exchange does NOT offer investment solutions. Only the referral program offers passive income options. The company creates its own blockchain solutions for business. Fraud protection is provided through CAM audit. 80% of the funds of users are kept cold.
Business Wire reports that bitFlyer, a Japanese cryptocurrency exchange, has announced its entry into the European market. It was licensed as a payment operator in the EU and became the first cryptocurrency exchange to be officially regulated in Japan, the US, and Europe. Initially, only the BTC/EUR pair is available to traders. However, developers will soon add support for other cryptocurrencies such as Litecoin and Ethereum Classic. "I created BitFlyer in 2014 with great ambition. I believe that regulatory approval is crucial for the long-term success and viability of Bitcoin and the virtual currency market. Yuzo Kano (founder and CEO of BitFlyer) said, "I am proud that we now are the most promising cryptocurrency business in the world." BitFlyer claims that more than $250 billion in cryptocurrency transactions were conducted on the platforms it controls in 2017. bitFlyer, Japan's largest bitcoin exchange, has raised venture funding of more than 4.1 billion Japanese yen (or $36 million). BitFlyer is a key market in Europe, with the BTC/EUR exchange having a monthly turnover worldwide of 10 billion euros (the third largest market for bitcoin after the US dollar and the Japanese yen).
BitFlyer is a relatively new exchange in Europe and the US. However, it has been a popular and highly visited cryptocurrency platform not only in Japan but throughout the Far East.
You may also notice that the exchange ranks cryptocurrency exchanges by volume on websites. This is often why it is often at the top.
BitFlyer was one of the first Japanese cryptocurrency exchanges to receive an official license from Japan's Financial Services Agency (FSA).
The exchange also has approximately 1 million users. This is significant considering its market share in BTC/JPY. About 60% of all BTC trading is done with Bitcoin/yen.
You should always ensure that the cryptocurrency exchange you are dealing with is licensed and regulated by a reputable financial authority. Make sure you have read all the terms, conditions, and risks associated with trading on exchanges before investing any money. If you don't understand anything or feel uncertain about something, make sure to get professional advice from an experienced financial advisor. Above all, remember to stay away from any cryptocurrency exchange that is not licensed and regulated. Doing so could put your investments at risk. Keep in mind that the most reliable exchanges are usually those with sufficient records of customer reviews and endorsements from financial experts. Always be vigilant when dealing with unregulated exchanges and always consider the long-term risks involved before investing. Thank you for investing responsibly.
Finally, remember to never share your wallet details with anyone and always double-check the website before making any trades or investments. Keep in mind that cryptocurrency exchanges can be vulnerable to cyberattacks, so it's important to keep your wallet secure by taking appropriate measures such as using a secure connection (SSL) and a strong password. To ensure the safety of your funds, use two-factor authentication instead of relying solely on single sign-on (SSO). Additionally, it's important to stay informed about the latest developments in cryptocurrencies and blockchain technology. By doing so, you can make informed decisions regarding your investments and be better prepared for any risks involved. Be safe and thank you for trading responsibly.
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