Bitcoin Forum
May 28, 2024, 02:02:17 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: 40% of BTC daily Volume is Japanese  (Read 355 times)
lisasteca
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


View Profile
April 04, 2018, 12:31:07 PM
 #41

The fact that 40% of BTC transactions take place in Japan is not surprising. It is a country that has always been at the forefront of new technologies and changes. It is also plausible that China's prohibitions shift trade to Japan.
amwer
Member
**
Offline Offline

Activity: 280
Merit: 10


View Profile
April 04, 2018, 12:37:33 PM
 #42

In fact, due to the increased Japan Bitcoin trading volume, the nation has become the world’s leader in Bitcoin transactions. Approximately 40% of all global Bitcoin transactions are now carried out in Japan. Tokyo now is looking into the matter of consumer protection.
Japanese authorities are discussing the possibilities of protecting cryptocurrency investors from the price fluctuations. Some of the proposed measures include regulating the price or preserving the country’s reputation for innovation.
jeni99
Member
**
Offline Offline

Activity: 169
Merit: 10


View Profile
April 04, 2018, 01:18:51 PM
 #43

China's harsh policy to close the local bitcoin exchange market changed the global bitcoin market composition drastically. Now about 60% of bitcoin trade takes place through the Japanese market.
and the volume of bitcoin trade in Japan jumped after the enactment of the country's law that recognizes bitcoin as a legitimate means of payment.
elbimbo012
Full Member
***
Offline Offline

Activity: 476
Merit: 108



View Profile
April 04, 2018, 01:36:42 PM
 #44

I read that 40 percent of BTC daily volume is Japanese and 40 of BTC is owned by whales.
If this is true probably Japanese citizen have already foresee that in due time Bitcoin price may recover and this is a good opportunity for them to buy more to gain more profit in the coming months. And bitcoin in Japan was commonly used to pay services, commodities and other businesses that accept online payment they adopt bitcoin as a an alternative mode of payment for Fiat.

Angletim
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
April 04, 2018, 01:42:24 PM
 #45

I read that 40 percent of BTC daily volume is Japanese and 40 of BTC is owned by whales.
I don't think it's surprising that Japan's daily bitcoin trading volume is 40 percent. Now Japan is the most friendly country for bitcoin, and the state has helped popularize bitcoin, allowing people to participate in it. So there are a lot of people in Japan who are involved in bitcoin.
Tilbrook007 (OP)
Jr. Member
*
Offline Offline

Activity: 294
Merit: 3


View Profile
April 06, 2018, 04:06:07 AM
 #46

India is not in the game anymore:

https://cryptocurrencynews.com/regulations/india-ban/?utm_source=aimtell&utm_medium=push&utm_campaign=campaign-31349
boyknightvn
Newbie
*
Offline Offline

Activity: 225
Merit: 0


View Profile
April 06, 2018, 04:11:08 AM
 #47

How about China Huh, can we see indicators about trading's volume of countries  Huh
minthit
Member
**
Offline Offline

Activity: 327
Merit: 11


View Profile
April 06, 2018, 04:14:42 AM
 #48

How about China Huh, can we see indicators about trading's volume of countries  Huh
Hope that platform like RedPulse will do that. They said their purpose is for transparent economic data and news for Asia especially China.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!