BitFlyer, one of the biggest bitcoin exchanges currently in operation, has shared plans for its expansion into Europe after being approved by regulators. BitFlyer is a Tokyo-based business that hosts 80% of its crypto trades in Japan, and the other 20% globally. The company stated that they are to open the doors of their new European branch on Tuesday, now that Luxembourg\'s financial regulator has granted them a payment institution licence.

The bosses at BitFlyer say that the new expansion comes as the result of increasing demands for crypto from investors. The company also said that the European audience is presently \"underserved\".

Yuzo Kano, the company\'s chief executive, said that the company was now the most compliant cryptocurrency exchange currently doing business in the entire world. He stated that approval from regulators and the achieving of an official trading status was integral to securing a bright future for bitcoin and the industry as a whole.

Thanks to the rise in popularity of cryptocurrency, approximately 400 new crypto exchanges have been opened across the globe in the last few years. Both businesses and regulators are now seeking to accommodate the demands of investors, while also ensuring that standards and regulations are being adequately met.