Japan’s Dormant BTC Trading Accounts Wake up as Bitcoin Price Rallies
Cointelegraph
Published Aug 01, 2020 04:15AM ET
Updated Aug 01, 2020 06:00AM ET
Japan’s “dormant” crypto accounts are starting to see activity as Bitcoin breached a critical price resistance level this week. According to the Japanese crypto exchange Coincheck, their trading volume this week has risen by two to three times in comparison to the previous one.
Speaking to a selected number of the Japanese outlets, Yusuke Otsuka, the co-founder of Coincheck explained that existing users who hadn’t traded for a while became active again this week: “Some of our users already have accounts so the initial velocity is high.”
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Written By: Cointelegraph
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