bitFlyer registers as a Type 1 financial instruments firm by CoinQuora

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bitFlyer registers as a type 1 financial instruments company

  • bitFlyer has published a “Type 1 Financial Instruments Business Registration Notice.”
  • It falls under the Financial Instruments and Exchange Act of October 14, 2021.
  • bitFlyer aims to reopen new registrations for margin trading services for crypto assets.

bitFlyer Inc. recently announced that it is now registered as a Type 1 Financial Instruments Business under the Financial Instruments and Exchange Act as of October 14, 2021. bitFlyer also shared this good news on their account Official Twitter (NYSE :).

In detail, bitFlyer is a renowned crypto exchange headquartered in Japan. It tops the list when it comes to trading volume (BTC) for the past five years in a row. Founded in 2014, bitFlyer has always tried to create a very liquid global trading platform for crypto assets. In particular, its core business is offering margin trading services for crypto assets, as well as continuing to develop new services that focus on liquidity. As a result, bitFlyer is proud to offer this type of service to a wide range of customers, globally.

As seen in the Twitter thread above, bitFlyer expressed his joy upon signing up, saying:

With this successful registration, we intend to reopen in the near future new registrations for margin trading services for crypto assets, which are considered derivatives of OTC crypto assets traded under the Financial Instruments and Foreign Exchange Act.

Additionally, bitFlyer has specified over-the-counter crypto assets like Lightning FX and Lightning Futures. He also reiterated that he would provide more details on this matter in due course. In their post, bitFlyer presented detailed information about its registration notice:

Registration date: October 14 (Thursday) 2021

Financial Instruments Company Name: bitFlyer Inc.

Registration number: General Manager of Kanto 3294 Local Finance Office (Type 1 Financial Instruments Activity)

In conclusion, as a Type 1 financial instruments firm, bitFlyer has stated that it hopes to provide an environment in which its clients can trade crypto assets with increased security, which will result in deep peace of mind. spirit. Additionally, bitFlyer mentioned that it also aspires to contribute to the further development of the market, as the leading crypto exchange in the blockchain and crypto industry.

To learn more about bitFlyer, click here.

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