Japanese cryptocurrency exchange bitFlyer has added trading support for the LSK token on its platform.
Founded in 2014, bitFlyer is Japan’s largest bitcoin exchange by trading volume and one of the largest in the world. It supports multiple digital currency trading pairs, including ether and Bitcoin Cash. It is the first bitcoin exchange to be regulated in Japan, the US, and Europe.
LSK, the utility token underpinning the Lisk platform, is the top token in Germany, with a market capitalization of over $2 billion. Lisk conducted what many consider the first modern initial coin offering (ICO), raising almost $6 million USD, which, at the time, constituted the largest crowdfunding initiative in German history. Most of the trade in LSK is made on China-based crypto trading platform Binance.
Lisk co-founder and CEO Max Kordek said the addition of LSK to the bitFlyer exchange will help strengthen the Lisk community and LSK itself. It comes at a time when Lisk is approaching new avenues of development and expansion as it prepares for its relaunch on February 20.
“This represents a landmark achievement for Lisk as we build momentum towards our relaunch on February 20th in Berlin and is a powerful vote of confidence from one of the world’s largest crypto exchanges,” said Kordek. “For Lisk to be added to such an exchange underlines the strength of our offering, and we look forward to allowing more users to build their own applications from the ground up.”
Another positive development for Lisk may come this month after popular online trading app Robinhood announced that it would start commission-free cryptocurrency trading and listed Lisk as one of the supported tokens.