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Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$35.71M

About bitFlyer

bitFlyer provides a cryptocurrency exchange platform. It allows buying, selling, spot trading, margin trading, and futures trading of cryptocurrency assets. It also offers to make online donations through cryptocurrencies, credit cards, and more. The company was founded in 2014 and is based in Tokyo, Japan. In May 2023, bitFlyer was acquired by D&I Investment.

Headquarters Location

9-7-1 Midtown Tower Akasaka, Minato-ku

Tokyo, 107-6233,

Japan

03-6434-5864

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bitFlyer's Product Videos

bitFlyer Holdings bitFlyer Lightning Pic.png

ESPs containing bitFlyer

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Wealth Tech

The centralized crypto exchanges market refers to a segment of the cryptocurrency industry that involves trading digital assets through a centralized platform. These exchanges are owned and operated by a central authority, which manages the exchange's infrastructure, order book, and user funds. Centralized exchanges typically charge fees for trading, deposits, and withdrawals, and require users to…

bitFlyer named as Challenger among 15 other companies, including Binance, Gemini, and BitPay.

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Research containing bitFlyer

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned bitFlyer in 2 CB Insights research briefs, most recently on Jun 6, 2022.

Expert Collections containing bitFlyer

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

bitFlyer is included in 3 Expert Collections, including Blockchain.

B

Blockchain

7,252 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

F

Fintech 250

498 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

12,417 items

Excludes US-based companies

bitFlyer Patents

bitFlyer has filed 17 patents.

The 3 most popular patent topics include:

  • Graphical control elements
  • Graphical user interface elements
  • Graphical user interface testing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/31/2019

11/8/2022

Cryptocurrencies, Cryptographic hash functions, Cryptography, Blockchains, Hashing

Grant

Application Date

3/31/2019

Grant Date

11/8/2022

Title

Related Topics

Cryptocurrencies, Cryptographic hash functions, Cryptography, Blockchains, Hashing

Status

Grant

Latest bitFlyer News

Can Regulators Ever Keep Up With Crypto Markets?

Sep 18, 2023

New York’s finance watchdog's proposed token listing requirements give up the game before it starts. The New York State Department of Financial Services (NYDFS) is setting out to tackle a massive regulatory object: How crypto exchanges like Coinbase, Gemini and others list – and perhaps more importantly, delist – tokens. According to a new public service announcement, the call to update the agency’s guidance builds upon and will try to formalize existing working standards. But the move is much more than just government incrementalism, and could have nationwide and even global implications. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full  newsletter here . My colleague Jack Schickler does a good job breaking down today’s announcements. In short, the agency laid out three aims: set policy so NYDFS licensees are more proactive in assessing legal, reputational and market risks during the coin listing process, update the number of “greenlisted” coins (today limited to bitcoin, ether and stablecoins from PayPal and Gemini) and open a public comment period for industry participants to say their piece. While “just” a state financial regulator, whatever the NYDFS does often makes an imprint worldwide. Even in an increasingly globalized world, New York remains a main hub for economic activity and capital formation, and so the agency is a leading organization in setting reporting and communication standards that echo across the financial landscape. If you can make it here, you can make it anywhere. So too for crypto, in an interesting way and despite The Blockchain’s globalized nature (some might say “geographical decentralization,” but you don’t have to). Take just the NYDFS’ track record when bringing regulatory enforcements: a few of these cases have quite literally reshaped the industry, like in the case of Tether that reset the bar for stablecoin transparency. It’s true the agency’s so-called BitLicense didn’t quite become the model for crypto oversight that its architect, the lawyer and former public servant Benjamin Lawsky, set out to achieve . But the collected bundle of rules, recommendations and guidance has been a major influence on the development of the digital asset industry in the U.S. – with many insiders thinking it set the pace for regulators to try to squeeze crypto inside the box of established rules, rather than address crypto’s particularities head on. Its legacy is certainly mixed. It’s arguable the NYDFS has protected New Yorkers from countless crypto business failures and bankruptcies over the years, and especially during the year of pain in 2022 when now-defunct crypto lenders like Celsius and BlockFi imploded. These firms were barred from offering services in the state, and just anecdotally I know more than a few people who were attracted by the (now obvious) unsustainable interest rates, who are now thankful not to be a bankruptcy estate creditor. But the highly restrictive Bitlicense system hasn’t always paid off, (even putting aside the hypothetical profits would be Celsius users might have seen riding the bubble up). Licensees including exchanges like Xapo, bitFlyer and the U.S. wing of Bitstamp, aren’t exactly known for their major foothold in the New York or U.S. crypto trading markets. Worse, despite the fact there are only 30-odd firms with a BitLicense, it doesn’t even have a 100% hit rate when it comes to protecting businesses and consumers. The now shuttered Genesis Global Trading unit of CoinDesk sister company Genesis operated under the aegis of New York State, for instance, with seemingly no practical benefit. Either way, measuring whether regulations are “worth the cost” is a futile act. Especially in the world of crypto, where all of the real use cases are essentially ungovernable and where all excitement takes place well outside of walled gardens like Coinbase and Gemini. Mass market crypto has so far come around on a four-year timetable, and it’s only during bull markets that centralized retail crypto lending, crypto credit cards, et cetera can sound like a good idea. The reason why the NYDFS’s recent announcement could have a global impact is because it deals with whitelisting and blacklisting tokens and because crypto trading is a global phenomenon. In the grand scheme of token prices, it doesn’t really matter whether this or that custody firm is awarded a BitLicense, but it sure does matter whether Coinbase will list or delist a token (even if the “Coinbase bump” is today muted). The agency has seemingly taken a special concern for market stability when it comes to delisting tokens. In the announcement, NYDFS Superintendent Adrienne Harris noted that on occasion certain tokens will slip through or change, so that if they were once thought to be “OK” to list now need to be removed without further damaging consumers. To my mind, that seems challenging if not impossible – and not because crypto firms are unwilling to comply or that regulators are incompetent. Just in terms of market structure, when something is both globally distributed yet also illiquid (i.e. a cryptocurrency) it’ll be prone to price spikes. Token prices are abjectly tied to reputation and it seems hard to imagine a world where Coinbase being required to delist some such token wouldn’t be read as a death knell, if only temporarily. Further, changes to how companies “self certify” the tokens they list may mean fewer bad apples get in to begin with, but when it comes to spinning up regulatory working groups and delisting coins with an “Department-identified weakness or vulnerability,” it seems hard to imagine The Compliant will be able to move quick enough to delist tokens that are actually a problem. This is especially true because the process of delisting a token requires several steps to remain aboveboard, like announcing the announcement and giving the public appropriate time to react.

bitFlyer Frequently Asked Questions (FAQ)

  • When was bitFlyer founded?

    bitFlyer was founded in 2014.

  • Where is bitFlyer's headquarters?

    bitFlyer's headquarters is located at 9-7-1 Midtown Tower, Tokyo.

  • What is bitFlyer's latest funding round?

    bitFlyer's latest funding round is Acquired.

  • How much did bitFlyer raise?

    bitFlyer raised a total of $35.71M.

  • Who are the investors of bitFlyer?

    Investors of bitFlyer include D&I Investment, ACA Investments, Sumitomo Corporation, Mizuho Financial Group, Dai-ichi Life Insurance and 13 more.

  • Who are bitFlyer's competitors?

    Competitors of bitFlyer include Toro Investimentos and 7 more.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

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