Japanese crypto traders ditching XRP and MONA for Bitcoin
Cointelegraph
Published Aug 30, 2020 10:44PM ET
Updated Aug 31, 2020 12:20AM ET
The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin.
According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA), Bitcoin’s dominance relative to altcoins in the Japanese market reached more than 87% in April. No other token accounted for more than 6% of monthly volume traded. In the same month, the number of active accounts for spot crypto trading in Japan increased by 13,987, an all-time high at the time.
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Written By: Cointelegraph
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