Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout
In a significant development within the crypto sector, BitFlyer Holdings has successfully negotiated the acquisition of FTX Japan, the local subsidiary of the bankrupt crypto exchange FTX. This move is poised to reshape the landscape of digital asset trading in Japan, leveraging BitFlyer’s established reputation and FTX Japan’s existing infrastructure. Related Reading: Bitcoin Miners Feeling […]
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A former Goldman Sachs employee has raised $1.6m in funding to power a new Japan-based bitcoin exchange, according to Bloomberg Businessweek. Called bitFlyer, the exchange aspires to recapture the market position vacated by Mt. Gox, the Japan-based exchange that was once the ecosystem's largest trading platform. BitFlyer is seeking additional capital from overseas VCs and hopes to launch in markets outside of Japan before 2015, the report says. The exchange is the brainchild of 38-year-old former derivatives and convertible bonds trader Yuzo Kano, who left his job at Goldman Sachs in....
Research by Bitflyer released today indicates the growing popularity of the cryptocurrency as an American household investment option. But not in Japan. Stocks Remain the #1 Investment Vehicle Bitflyer, a Japanese crypto exchange, released a research paper that dives into cryptocurrency sentiment and investment trends in the U.S. and compares them to the Japanese market. The most glaring difference between American and Japanese as far cryptocurrency acceptance is indicated through a simple question presented to survey participants: While 76% of Americans view cryptocurrencies positively,....