The Tokyo-based cryptocurrency exchange, bitFlyer has announced the addition of five altcoins to their USA and European trading platforms. The European platform will support Ethereum Classic (ETC), Bitcoin Cash (BCH), Lisk (LSK), Litecoin (LTC), and Monacoin (MONA) while the USA traders will have access to ETC, BCH, and LTC only, which are ranked high in the global cryptocurrency charts.
Andy Bryant added: “By adding new altcoins, we are expanding bitFlyer’s Buy/Sell offer significantly, giving our customers instant access to some of the largest, and most exciting altcoins in the world. Those currencies were previously only available to our Japanese customers, so we are also consolidating our offer across regions, building a global platform for traders all over the world. By leveraging our experiences in Japan, we can offer our European and US customers the same level of speed, simplicity, and transparency as we already do for those, trading Bitcoin and Ethereum.”
ETC is for the creation of decentralized applications (DApps) and smart contracts. It is often referred to as the original Ethereum chain. It mirrors a lot of the improvements made to Ethereum, but its stand-out feature is the maximum amount of funds it can receive from investors in its Initial Coin Offering (ICO) in contrast to its total supply.
Litecoin, often regarded as the Silver to Bitcoin’s Gold, predates most of the cryptocurrencies available these days. It was inspired by Bitcoin’s source code, and it shares many of its features with Bitcoin, but Litecoin has a faster block generation rate and is more readily available.
Bitcoin Cash is a hardfork of the fundamental Bitcoin blockchain and claims to be more similar to Satoshi Nakamoto’s original Bitcoin. One of Bitcoin Cash’s most exciting features is the improved block size to enable better utilization as a payment method.
Monacoin (MONA) and Lisk (LSK) rank lower in terms of market capitalization, hence, are not widely available across US and European trading platforms. The addition of the coins to one of the longest-standing cryptocurrency buying and selling platform will aid bitFlyer in its mission to facilitate widespread adoption of the cryptocurrencies.
Recently, a report by Bitwise to the U.S. Securities and Exchange Commission acknowledged bitFlyer as a ‘Real-10’ exchange. They also partnered up with the tech-service company, Tpoint Japan, to enable local traders to exchange loyalty program points for Bitcoin (BTC) and earn rewards for using crypto.
bitFlyer is ardent about the future of the cryptocurrencies and strives to support that prospect by setting a global standard for all exchanges. They believe that rules and regulations are crucial for the future of the industry and is often enhanced with communications. bitFlyer is committed to introducing new commodities and services to the industry to contribute more value to their customers.