Bitcoin Japanese exchanges increasing

[mynhpark1]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

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[iamTom123]

This is a very good development for Bitcoin. Aside from China, the country of Japan can become one of the top and biggest markets for cryptocurrencies. And as a chain reaction, I am sure that "investors" would also be looking at other coins aside from Bitcoin.

I love to hear news like this because it is not good that China has become like the controlling power for Bitcoin...we should be aiming for a global and balanced distribution of Bitcoin ownership so no country can easily hijacked the said asset for any underlying reason given. 

Japanese are known to be good savers and now they have an additional choice of putting their money in Bitcoin for good returns compared to traditional banking though it can be carrying more associated risks.

[magneto]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

Not surprising at all as bitcoin was officially recognized this year in Japan.

I would say that at least 2-3 more new exchanges that will turn out to be long term projects will come out this year in Japan. And that's pretty conservative, since bitcoin price is going up and that brings a lot more media publicity, and more entrepreneurs will take time to look at bitcoin and see that there is potential in launching a local trading platform.

However I do see that trading is going P2P, so platforms like LBC will probably thrive.

[talkbitcoin]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

very good news, but your comment does not contain sufficient information. you are just making claims. for example i would love to see some links to these exchanges or some stats about them like how much volume they have been having in the past few months that you say the have been working

also starting a new exchange service doesn't mean anything. it just shows some people were looking for making more money so they started a new service. the important part is how much they are being used while there are already a couple of big Japanese exchanges available.

[olubams]

This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.

[bitbunnny]

This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.

I also beleive this is good and could bring positive movements. Chinese domination will be weakened and new players on Bitcoin ma are always welcomed.
More countries that join bi train makes it more serious, addopted and with higher potential. Think this is going in good direction.

[btc_angela]

This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.

I also beleive this is good and could bring positive movements. Chinese domination will be weakened and new players on Bitcoin ma are always welcomed.
More countries that join bi train makes it more serious, addopted and with higher potential. Think this is going in good direction.

Correct. Japan already proved that they are really leading the revolution for bitcoin to be mass adopted globally. China influence has been dwindling and Japan is taken the lead now. I hope Japan can sustain in the long run so that other country will follow what they lead.

Domo arigato Japan!!!.

[Maheshkumar_Hrangkhawl]

This is just the beginning. The other countries are going to take notice of what the Japanese government did. I am sure that China and Russia are carefully studying the implications. And trust me, if China recognizes BTC, it is going to be huge.

[Xester]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

That bitcoin development in Japan has caused happiness to bitcoin holders and earners such as I. The increasing number of exchanges and the number of bitcoin users in Japan has significantly increased the value of bitcoin this April and have reached the value of 1400$ this May. This just implies that the Japanese adoption of bitcoin is a success and with that I am excited to see bitcoins value reaching 2000$ by June.

[deisik]

This is just the beginning. The other countries are going to take notice of what the Japanese government did. I am sure that China and Russia are carefully studying the implications. And trust me, if China recognizes BTC, it is going to be huge

It would be interesting to know what are the real reasons for the Japanese government to be so loyal toward Bitcoin. Regarding other countries, Russia is highly unlikely to follow Japan's lead, at least, not to the degree of accepting Bitcoin as a rival currency. Further, I warn people not to be too enthusiastic about governments finally "noticing" Bitcoin. It is not given that the "acceptance" that these governments may be looking and going for will make many Bitcoin users happy

It is not even clear as of yet what the Japanese government is actually up to

[HongKong]

 I  am pretty sure that the increase of Bitcoin Exchanges within the Japan region will have a positive impact on the price of Bitcoin since there likely to be more people trying to use the coin to purchase something online or they would want to make money with it somehow. I think that the whole Bitcoin for the mainstream is over hyped and by Bitcoin for the mainstream I mean like having an ETF for Bitcoin. The price of Bitcoin does not really matter in the end, the whole point is just so money could get transferred from one person to another online.

[batang_bitcoin]

I don't have an idea on how many bitcoin exchanges are going to open from Japan. But base on the demand and happenings on Japan probably there would be maximum of 5, this is just my guess and opinion. And it's really good to see on how did the Japanese people welcomed the usage of bitcoin, they did really helped to make the price increase.

[lionheart78]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

I think there is more than 10 exchanges that is set to launch in Japan soon that is according to this news.  I guess 10 would launch this year since it is stated that 10 of those 18 where new applicants. They think that bitcoin is the present "hot money" that can is a good investment ventures for people.  This maybe triggered by the removal of consumption tax on bitcoins where people can buy or sell bitcoins without any charges.

[shinratensei_]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

I can't predict the exact number, But due to the mass adoption caused by the Japanese announcement if they officially add bitcoin to be his legal payment and it brings a lot of the impact of the bitcoin adoption. My thought, another bitflyer will come to the japanese exchange site business.
But the number can't be determined. Depend on how the demand on japan for bitcoin. A lot of demands and it will need more exchange site to encourage all of the demands.

[webtricks]

The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.

How many Japanese Bitcoin exchanges do you think will launch this year?

Nice to see "news.bitcoin.com" has widened its reach.
Yes, due to increased demand after legalization, it is automatic side-impact that Exchanges will rise. And if Bitcoin is all legit, big institutions will not afraid to enter Bitcoin industry. However, I didn't feel your question to be worthy, we aren't line inspector or an astrologer that we can predict number of Exchanges.  However, whatever will be the number, they will surely contribute in increase of Bitcoin prices and even presently Japanese demand is one of the major reason that Bitcoin is on the door of $1500 !! 

[bamboylee]

It is just natural that bitcoin exchanges will increase in number since bitcoin is now legal in Japan. The exact number of exchanges that will launch this year is hard to predict. But more important than exchanges are the institutional investors coming in. these institutional investors will drive the price of bitcoin to new heights.

[just_Alice]

This is just the beginning. The other countries are going to take notice of what the Japanese government did. I am sure that China and Russia are carefully studying the implications. And trust me, if China recognizes BTC, it is going to be huge

It would be interesting to know what are the real reasons for the Japanese government to be so loyal toward Bitcoin. Regarding other countries, Russia is highly unlikely to follow Japan's lead, at least, not to the degree of accepting Bitcoin as a rival currency. Further, I warn people not to be too enthusiastic about governments finally "noticing" Bitcoin. It is not given that the "acceptance" that these governments may be looking and going for will make many Bitcoin users happy

It is not even clear as of yet what the Japanese government is actually up to

Yes, we can't know what the Japanese government is up to, but regardless, they are already doing a good thing for bitcoin. I think the rise we are witnessing nowadays is in a good measure due to the fact that the Japanese government has recently started treating bitcoin legally as a form of payment.

[HTracer]

Japan's moves in legislation towards adoption bitcoin as payment system means not just new exchanges. That means bitcoins are increasingly being used in Japan.
Recent legal changes help not just finacial sector but retail and even tourism. One of the possible reason why Japanese authority seems to support that  is an attempt to boost stagnating customer spending.

[Mometaskers]

This is great news. 10 exchanges? Wow. My country I think only have 2. What's good with this is that since they've already started treating bitcoins as legal payment, this could encourage more people to get into bitcoins. Sure some might first start with trading but considering how tech-savvy the Japanese population is, I wouldn't be surprised if they find other uses for it. Just as they've led the world in use of robotics, I hope they'll do the same with bitcoins.

[deisik]

This is just the beginning. The other countries are going to take notice of what the Japanese government did. I am sure that China and Russia are carefully studying the implications. And trust me, if China recognizes BTC, it is going to be huge

It would be interesting to know what are the real reasons for the Japanese government to be so loyal toward Bitcoin. Regarding other countries, Russia is highly unlikely to follow Japan's lead, at least, not to the degree of accepting Bitcoin as a rival currency. Further, I warn people not to be too enthusiastic about governments finally "noticing" Bitcoin. It is not given that the "acceptance" that these governments may be looking and going for will make many Bitcoin users happy

It is not even clear as of yet what the Japanese government is actually up to

Yes, we can't know what the Japanese government is up to, but regardless, they are already doing a good thing for bitcoin. I think the rise we are witnessing nowadays is in a good measure due to the fact that the Japanese government has recently started treating bitcoin legally as a form of payment

We can't say that for certain

It may be a Trojan horse decision (don't know how to call such actions properly). I don't necessarily mean evil or otherwise rogue intentions but I'm still curious what has been driving them to do that. After all, accepting Bitcoin as legal tender (provided it is really so) means tougher competition for the Japanese Yen. On the other hand, the government of Japan was fighting with deflation for literally decades, so they may be wanting exactly that, i.e. inflation for the Yen?