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Why Japan’s crypto traders chose Bitcoin over alts earlier this year Why Japan’s crypto traders chose Bitcoin over alts earlier this year

Why Japan’s crypto traders chose Bitcoin over alts earlier this year

A new study from a Japanese crypto exchange showed the country’s crypto fanatics favored Bitcoin ahead of local favorites XRP and Monacoin, with trading volumes for the former significantly higher than the latter two and other altcoins.

Why Japan’s crypto traders chose Bitcoin over alts earlier this year

Cover art/illustration via CryptoSlate

A new study from a Japanese crypto exchange showed the country’s crypto fanatics favored Bitcoin ahead of local favorites XRP and Monacoin, with trading volumes for the former significantly higher than the latter two and other altcoins.

Bitcoin saw big bets ahead of alts  Yuya Hasegawa, a Market Analyst at Japanese crypto exchange Bitbank, referred to an April report released by the Japan Virtual and Crypto assets Exchange Association (JVCEA), a Self-Regulatory Organization fully recognized by the country’s Financial Services Agency.

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