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The world’s biggest cryptocurrency exchange by trading volume, Japan-based bitFlyer, launched in the US on Tuesday as bitFlyer US, after receiving a BitLicense from New York’s Department of Financial Services (NYDFS), as well as licenses from 40 other states. bitFlyer US is targeted at professional traders who trade a minimum of $100,000 in cryptocurrency monthly, says Forbes.

For now, the platform only supports Bitcoin trading, but plans to allow Ether, Litecoin, and other cryptocurrencies in early 2018. bitFlyer first revealed its US expansion plans in August.

bitFlyer US seems to have a major advantage to steam ahead in the US market. It plans to give US traders access to its Japanese exchange, and hence Japan’s booming crypto market. Unlike major US rival Coinbase, bitFlyer will allow US traders to access its Japanese exchange.

This is significant, as Bitcoin trading in yen constitutes about 60% of global Bitcoin trading volumes, and bitFlyer holds a whopping 80% of this, according to CNBC. By comparison, the US dollar accounts for just 20% of global Bitcoin trades, says Forbes. As such, bitFlyer US would be giving US traders access to one of the world’s most dynamic Bitcoin markets via a regulated platform, a powerful differentiator.

However, bitFlyer US’ success is by no means guaranteed. Since surpassing $10,000, the price of Bitcoin has been extremely volatile — it rose as high as $11,340 on Wednesday before dropping back down to $9,290, and at the time of writing continued to swing wildly. This ongoing volatility will likely make many institutional investors think twice before committing significant volumes of funds to the asset. As such, it seems likely that bitFlyer US’ future will remain uncertain until more stability in the price of Bitcoin is established.

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