Bitflyer Increases Bitcoin Adoption with Record Number of Users
Japanese cryptocurrency exchange Bitflyer reported a 100% increase in the number of its users in just the past four months, as the company continues to grow crypto adoption in Japan by partnering with major stores.Bitflyer’s Customers Reach 2 Million
Japan’s largest cryptocurrency exchange by volume, Bitflyer, recently announced that the number of its customers in March has exceeded 2 million.
According to Minkabu publication, the number of Bitflyer users was 1 million in November and 600,000 in June of last year. The March number represents a 100% increase in the number of users at the exchange during the four-month period.
The significant growth seen by Bitflyer follows the payment services act which went into effect in Japan in April of last year. It legalizes cryptocurrency as a method of payment in the country. Other exchanges also experienced substantial growth. The recently hacked Coincheck, for example, revealed at a press conference on March 8 that its accumulated number of accounts on that date was approximately 1.7 million. Bitflyer has also recently expanded into the US as well as Europe.
Source:
https://news.bitcoin.com/bitflyer-increases-bitcoin-adoption-record-number-users/