bitFlyer EUROPE Obtains CASP License Under EU Crypto-Asset Regulation "MiCA"

bitFlyer Holdings, Inc. (Headquarters: Minato-ku, Tokyo; CEO: Yuzo Kano; hereinafter "the Company") is pleased to announce that its Luxembourg subsidiary, bitFlyer EUROPE S.A. (hereinafter "bitFlyer Europe"), has obtained authorization as a Crypto-Asset Service Provider (CASP) under the EU's "Markets in Crypto-Assets Regulation" (hereinafter "MiCA") from the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial supervisory authority.

This authorization was obtained on June 26, 2026, and is effective from the same date. With this, bitFlyer Europe will transition from the existing framework of a Virtual Asset Service Provider (VASP) to a CASP under MiCA, covering all 27 EU member states. The transition from VASP to CASP will enable bitFlyer Europe to provide cross-border services within the EU using the passporting system.

With the acquisition of this MiCA authorization, our group has further strengthened its business foundation for providing crypto-asset related services under the supervision of regulatory authorities, having obtained approvals and registrations based on the laws and regulations of each region in the major regulatory markets of Japan, the United States, and Europe. Having a regulatory-compliant business structure in the United States and Europe, originating from Japan, is a significant strength for our group's global expansion.

In the crypto-asset market, as regulatory frameworks are being established in various countries and regions, societal demands are increasing for investor protection, governance, risk management, measures against financial crime, and ensuring market integrity. Furthermore, as the intersection between crypto assets and traditional finance expands, crypto-asset service providers are required to have transparent operational structures that comply with regulations.

Since our founding in 2014, our group has been developing crypto-asset related services in Japan, the United States, and Europe, engaging in dialogue with the regulatory authorities of each country and region. This MiCA authorization is not just about strengthening our business base in Europe. bitFlyer Europe will further enhance its commitment to regulatory compliance, governance, risk management, and customer protection, which our group has emphasized, under the unified regulatory framework of the EU.

Yuzo Kano, Representative Director and CEO, stated: "bitFlyer is a crypto-asset exchange born in Japan in 2014. As its founder, I am extremely proud that our group has obtained an official license under the EU's MiCA, which is considered one of the strictest regulations in the world. This demonstrates that the commitment to regulatory compliance and security cultivated in Japan is recognized by European regulatory authorities. As a global crypto-asset financial group originating from Japan, we will continue to provide services that our domestic customers can use with peace of mind, and also contribute to improving the credibility of the entire Japanese crypto-asset industry."

Our group will continue to leverage our knowledge and experience gained from operating in multiple regulatory jurisdictions to provide highly reliable crypto-asset services to a wide range of customers, including individual investors, institutional investors, and financial institutions.

About MiCA

The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) is the EU's comprehensive framework for the regulation of crypto assets and their related services. It will be fully applied in all EU member states from December 30, 2024, and will enable CASPs to provide cross-border services within the EU using the passporting system (mutual recognition).

About bitFlyer EUROPE

bitFlyer EUROPE is a financial services company established in Luxembourg and operates under the regulatory supervision of the CSSF. It provides crypto-asset trading and custody services to institutional and retail investors across the EU. bitFlyer Europe is a wholly-owned subsidiary of the Company, headquartered in Tokyo.

About bitFlyer Group

bitFlyer, Inc. was founded in 2014 with the mission to "Simplify the world with blockchain." We offer services including crypto-asset trading and have achieved the No. 1 bitcoin trading volume in Japan for 10 consecutive years*. Since our founding, we have operated with a focus on security and legal compliance, providing services that are safe, secure, and easy to use for our customers. Furthermore, together with bitFlyer USA Inc. and bitFlyer EUROPE S.A., we have expanded our business beyond Japan to the United States and Europe, operating as a global crypto-asset exchange. Additionally, bitFlyer Blockchain, Inc. develops and provides its proprietary blockchain "Miyabi," which is adopted as the underlying system for tokens listed on crypto-asset exchanges. We will continue to leverage synergies within the group to contribute to the social implementation of blockchain technology and the sound development of the crypto-asset market, aiming to be No. 1 in Asia.

Official HP: https://bitflyer.com

* Our research based on JVCEA and each company's public data (annual trading volume including cash and futures trading, 2016-2025)

【Important Notes (Please read carefully)】

Crypto assets are not legal tender.

Crypto assets can only be used as payment if the recipient agrees.

Trading of crypto assets, or exchanging them for other crypto assets, involves risks of loss due to price fluctuations. Crypto asset prices may fall due to changes in supply and demand, trends in prices, legal currencies, other markets, or circumstances related to crypto assets.

The trading price of crypto asset-related over-the-counter derivatives transactions may fluctuate upwards or downwards due to changes in the supply and demand balance of our crypto asset-related over-the-counter derivatives transactions, as well as indirectly due to fluctuations in the prices of crypto assets referenced by these transactions, leading to losses.

Crypto asset-related over-the-counter derivatives transactions allow for trading amounts that are larger than the deposited margin by using leverage. Therefore, due to fluctuations in the supply and demand balance of crypto asset-related over-the-counter derivatives transactions or changes in the prices of referenced crypto assets, the trading amount may fluctuate unfavorably beyond the amount of deposited margin, and the amount of loss incurred by the customer may exceed the amount of deposited margin.

For crypto asset-related over-the-counter derivatives transactions, the amount of deposited margin is 50% or more of the trading amount, and the trading amount is 2 times or less than the amount of deposited margin (all for individual customers). For details on deposited margin, please see "What is bitFlyer Crypto CFD?"

When buying or selling crypto assets or exchanging them for other crypto assets in the retail section, customers bear the spread, which is the difference between the purchase and sale prices. Fees, other costs, and calculation methods for buying/selling crypto assets, exchanging them for other crypto assets, and engaging in crypto asset-related over-the-counter derivatives transactions are as specified in "Fee List/Taxes."

Crypto asset-related over-the-counter derivatives transactions are bilateral transactions where the Company acts as the counterparty to the customer.

Please review the contents of the pre-contract disclosure documents carefully and trade at your own discretion and responsibility.

bitFlyer, Inc. Crypto-asset Exchange Provider Kanto Local Finance Bureau No. 00003 Financial Instruments Business Operator Kanto Local Finance Bureau (Kinsho) No. 3294 Affiliated Certified Funds Transfer Service Providers Association and Financial Instruments Firms Association: General Incorporated Association Japan Crypto Asset Trading Association