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bitFlyer USA expands to West Virginia, nears full US coverage

Finance Magnates

Cryptocoins News / Finance Magnates 22 Views

bitFlyer USA has launched trading services in West Virginia, bringing the Japanese-owned crypto exchange closer to full coverage of the US market.

The expansion takes bitFlyer’s availability to 49 US states and the District of Columbia. The company entered the US in 2018 with access to 40 states and has spent the past eight years working through the country’s state-by-state licensing regime.

The West Virginia launch follows the receipt of a local Money Transmitter License in February 2026. It is bitFlyer’s first major state addition since 2021, when the exchange secured approval in Connecticut. Hawaii is now the only remaining state outside its US footprint.

A Compliance-First Global Strategy

The US expansion comes shortly after a regulatory milestone in Europe. On June 26, 2026, bitFlyer Europe became the first Japan-originated exchange to receive a Crypto-Asset Service Provider license under the EU’s Markets in Crypto-Assets regulation.

The license, granted by Luxembourg’s CSSF days before the July 1 MiCA deadline, allows bitFlyer to passport its services across all 27 EU member states. It also moves the company from the older VASP framework into the bloc’s harmonised crypto regime.

As offshore platforms adjust to MiCA’s stricter requirements, the exchange can present itself as a regulated operator in both the US and Europe.

Institutional Positioning

Geographic reach is not the only focus of the strategy. By building its business in high-standard jurisdictions, bitFlyer is trying to position itself as a cleaner institutional alternative to less regulated crypto venues.

“Our mission has always been to make digital asset trading accessible without compromising on security or compliance,” said Christopher Temme, COO of bitFlyer USA.

The company’s Lightning Exchange is aimed at professional and high-frequency traders that need API access, transparent order books and reliable market infrastructure.

Those features depend heavily on banking, custody and compliance relationships that are easier to maintain with a fully licensed operating model. As crypto trading becomes more institutional, bitFlyer’s progress in West Virginia and Europe gives it a stronger cross-border regulatory story.

The company is not moving fast by offshore standards, but it is building the kind of footprint banks, brokers and professional traders can actually use.

This article was written by Tanya Chepkova at www.financemagnates.com.
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