XRP Added to Japanese Altcoin Market by BitFlyer

XRP Added to Japanese Altcoin Market by BitFlyer

  • BitFlyer Japan provides trading support to Ripple (XRP).
  • XRP is the first cryptocurrency added by BitFlyer in almost two years.
  • A campaign is being held to commemorate the addition of XRP in Japan scheduled from December 2 to December 26.

Japan’s second-largest cryptocurrency XRP has been added to the Japanese cryptocurrency exchange, BitFlyer. XRP is second only to Bitcoin (BTC) in terms of trading volumes in japan. This marks XRP’s presence in the Japanese Altcoin Market. It is their first addition of new virtual currency in almost 2 years.

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Bitflyer is a Japan-based bitcoin exchange open 24 hours a day. It is one of the most active exchanges especially known for its JPY/BTC pair. They also allow BTC/ETH trading. In fact, they are recognized as one of the ten exchanges with “real” trading volumes.

Japanese users of BitFlyer can now buy and sell Ripple’s XRP using their web platform or through their bitFlyer Wallet app (iOS and Android). However, this facility is only available on BitFlyer Japan and not on the U.S. or Europe versions.

Andy Bryant, the co-head and COO of BitFlyer Europe says that they intend to create a global platform for traders the world over. They are, therefore, offering more options for their international customers.

For example, in September BitFlyer Europe added trading support for bitcoin cash (BCH), ether classic (ETC), litecoin (LTC), Lisk (LSK) and monacoin (MONA), while BitFlyer U.S. added support for BCH, ETH and LTC. 

Interestingly, to commemorate the launch of a new cryptocurrency in almost two years, i.e., XRP, BitFlyer has also started a campaign in which 10 customers will get 100,000 yen who would trade at least a total of 5,000 JPY worth of XRP during the campaign which is scheduled to end on December 26, 2019.

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Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.

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