For a lot of newcomers to this emerging industry, is that they aren’t easy to use. I mean, when you get used to the digital currencies, they’re pretty easy to use but when you get dropped in the deep end, things might be a little confusing. Some exchanges will provide more assistance than others for newcomers to the industry.
bitFlyer is a big crypto exchange in the US and Europe-centric operations are looking to change this…
Announced today, the platform will be adding Ethereum to its buy/sell platform. This is a move revealed in an effort to give a wider audience the chance to buy and sell digital currencies with ease. When it was initially released with Bitcoin support, the exchange billed the product as “a simple way to buy and sell bitcoin, from total beginners to experienced traders”.
Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
As will be started today, European and American users of the bitFlyer platform will be able to buy and sell Ethereum “while ensuring they adhere to the same robust regulatory standards as bitFlyer guarantees for Bitcoin (BTC) transactions.” the COO of the exchange, Andy Bryant explained this expansion to the firms product roster in a statement.
“At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. […] We’re committed to offering the best customer experience whilst prioritising security and regulatory standards, and we’re proud to say Buy/Sell now offers this capability with ETH.”
The COO went onto say that Etheruem is proving itself as a “useful altcoin” after it found used to facilitate smart contracts and having an “incredibly strong community that surrounds it.”
The head of legal and regulatory affairs at bitFlyer USA, Hailey Lennon echoed Bryants outlook, doubling down on bitFlyer’s claim to be regulated platform while adding that the platform is “looking forward to launching more coins in the coming months.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!