Japanese cryptocurrency exchange bitFlyer has confirmed it will begin supporting Solana trading on June 24, a move that significantly expands the seventh-largest cryptocurrency's footprint in
Japanese cryptocurrency exchange bitFlyer has confirmed it will begin supporting Solana trading on June 24, a move that significantly expands the seventh-largest cryptocurrency's footprint in Asia's most regulated digital asset market.
The Tokyo-based exchange, founded in 2014, announced the listing in an X post, stating that SOL would be available for buying and selling through its retail platform.
The exchange described Solana as a blockchain that combines Proof-of-Stake consensus with its proprietary Proof-of-History technology, a combination it said enables high-speed, low-cost transaction processing across a wide range of applications.
Japan operates one of the world's most stringent cryptocurrency regulatory environments, with exchanges required to obtain licensing from the Financial Services Agency before listing any digital asset.
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The bitFlyer's market standing amplifies that significance. The exchange has operated continuously since 2014, predating most of its regional competitors, and maintains a user base that spans retail and institutional participants across Japan.
The bitFlyer listing comes at a moment when Solana is gaining traction across multiple markets simultaneously.
Expanding exchange access in Japan, where retail crypto participation remains substantial, adds a meaningful demand layer to an asset already benefiting from broader market momentum. Solana was trading at approximately $73 at the time of writing, up 6.48 percent over the prior 24 hours and close to 10 percent on the week.
Data from Decibel pointed in the same direction for Solana. Open interest in SOL futures rose nearly 10 percent in 24 hours to $42.02 billion, while funding rates remained negative, a combination consistent with a short squeeze rather than a sustained directional move driven by new demand.
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