|
BitFlyer
bitFlyer is a Japanese cryptocurrency exchange headquartered in Tokyo. It was founded in 2014 and is one of the largest cryptocurrency exchange in Japan.[1] HistorybitFlyer was founded in 2014 by Yuzo Kano, a former derivatives and bonds trader from Goldman Sachs.[2] bitFlyer's cryptocurrency exchange was launched in April 2014, a few months before the once market-dominant bitcoin exchange, Mt. Gox, went out of business.[3] In 2018 the exchange stopped taking new customers after Japanese regulators accused the exchange of not taking actions to stop money laundering and terrorist financing.[4] Regulators stated that most directors were friends of the CEO Yuzo Kano, a former Goldman Sachs trader.[4] By February 2016, it had 100,000 users and was processing about 7 billion yen ($64 million USD) in monthly cryptocurrency transactions, making it the largest Bitcoin exchange in Japan.[5] It raised about $36 million USD in venture capital over three funding rounds.[6] The company established partnerships with retailers, mobile app companies, and payment processors to facilitate smartphone-based cryptocurrency payments at retail locations.[7] bitFlyer also secured regulatory approval to sell cryptocurrency to institutional investors.[8] bitFlyer expanded internationally to the United States in November 2017 and to Europe in January 2018.[6] By 2018, the company was processing 80 percent of bitcoin transactions in Japan and had grown to 150 employees.[6][9] In 2018, bitFlyer was one of six exchanges ordered to improve their procedures against money laundering, causing bitFlyer to temporarily suspend services while it implemented new systems.[10] In 2019, bitFlyer created a subsidiary focused on blockchain technology and services.[11] In May 2023, BitFlyer was fined by the New York Department of Financial Services (NYDFS) for failing to meet state cybersecurity requirements.[12][13] The company was fined $1.2 million.[12] ServicesUsers of the bitFlyer exchange can buy/sell cryptocurrency with each other, or buy/sell directly with bitFlyer itself.[3] bitFlyer's first service was its cryptocurrency exchange, which was initially focused on bitcoin.[9] The company later added futures contracts and bitcoin derivatives to the exchange.[1][6] As of 2017, 75 percent of transactions on bitFlyer are for derivatives, where users make investments based on their prediction of future bitcoin prices.[14] bitFlyer first introduced its blockchain technology, called Miyabi, in 2016.[15] In 2019, bitFlyer added other cryptocurrencies to its exchange, such as Ethereum and Litecoin.[citation needed] The company also added features to pay for goods at retailers using cryptocurrency and to buy cryptocurrency using credit cards or points from loyalty programs.[16] In June 2020, bitFlyer introduced a blockchain-based voting service called bvote.[17] The company also introduced a blockchain consulting arm.[18] References
External links[[Category:Internet technology companies of Japan] |
||||||||||||||||||
Portal di Ensiklopedia Dunia
