bitFlyer Appoints Kimihiro Mine as Director

The Japanese crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term bitFlyer on Friday announced that it has promoted Kimihiro Mine as the firm's new director. He will also continue with his role as the head of the exchange’s risk and compliance division.

Mine held the position of an executive officer in the exchange and was in charge of the same division. He will assume the new position on June 1.

This appointment came at a time when the company is shuffling its leadership to strengthen its corporate governance and management structure.

Mine is an industry veteran and has almost 30 years of experience working in the Japanese financial sector. He joined the Tokyo-headquartered exchange last March as a deputy head and was promoted to executive officer earlier this month.

Prior to bitFlyer, he served Monex as an executive officer for three years and was also in-charge of Coincheck after its acquisition in April 2018.

Mine started his career in 1991 and since then has taken up many leadership roles in companies including Matsui Securities, SBI E*Trade Securities, and the financial subsidiary of Sony.

Expanding Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term services

Apart from crypto trading, bitFlyer is also expanding its business in other blockchain related fields. Last week, its parent company - bitFlyer Holdings - set up a new subsidiary called bitFlyer Blockchain, Inc. to enter a wide range of blockchain-based service market. The new company will plan, design, and develop operational management of services using blockchain technology along with web services and applications.

The company also appointed bitFlyer’s co-founder and CEO Yuzo Kano as the chief executive of the new subsidiary. Earlier in January, he was appointed as a director of the exchange, while his associate Yoshio Hirako took up the position of representative director.