The bitFlyer cryptocurrency exchange lands in Hawaii
By Bob Garcia
The company is exploring opportunities with the Hawaii Department of Financial Institutions
One more cryptocurrency exchange is preparing to service customers living in Hawaii. bitFlyer USA just confirmed its arrival to this Pacific Ocean island through the newly formed Digital Currency Innovation Lab, which is a partnership formed between the state of Hawaii’s Department of Financial Institutions and Hawaii Technology Development Corporation (HTDC). This will be the first regulatory sandbox of its kind in the state, and it will be a benefit to cryptocurrency service providers who struggle to do business in Hawaii, as they need to first obtain a state money transmitter license for a two-year period.
With this new crypto exchange, residents of Hawaii are able to buy and sell bitcoin – and other digital currencies – easily using bitFlyer’s intuitive “Direct Buy/Sell” platform, as well as the other two platforms it operates for both iOS and Android. On top of this platform, the company is bringing its bitFlyer Lightning solution, the exchange’s professional-grade trading platform that will be made available to more sophisticated traders and institutional investors.
“Since many Japanese people live in or travel to Hawaii, it is the state that serves as a bridge between Japan and the US. Offering our service here is very significant as an exchange that originates in Japan. We are very happy to see Hawaiians using the world’s best cryptocurrency exchange,” Yuzo Kano, CEO and Founder of bitFlyer USA, said. “The program will create a secure environment for Hawaii residents looking to access cryptocurrencies in a safe way and will also provide regulators with the right tools and insights to develop thoughtful regulations.”