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Japan Crypto Exchange bitFlyer Weighs Acquisition

  • Kano says company has applied for a license in Singapore
  • bitFlyer also plans to enter non-fungible tokens market
Bloomberg business news
WATCH: Yuzo Kano, CEO of bitFlyer, discusses the Bitcoin high-price drive.Source: Bloomberg

Japan’s largest Bitcoin exchange, bitFlyer Inc., is considering acquiring a small domestic or foreign rival to scale up its business, according to co-founder Yuzo Kano.

“We are thinking of acquiring a small exchange because we are not super big,” the 45-year-old executive said in an interview on the sidelines of the Bloomberg New Economy Forum in Singapore on Thursday, declining to name any potential targets. “It could be in Japan or in a different country.”