Post
Topic
Board Economics
Re: Japan now #1 in volume
by
Pattberry
on 12/02/2017, 21:55:48 UTC
Good to know that the Chinese exchanges don't have a monopoly on Bitcoin trading.

Japan may be number one now in volume but Chinese exchanges enjoyed a highest volume for a long time and i know in future they will retain the highest volume again. Seeing other countries like Japan in the Race with china in Bitcoin adoption is sure a healthy  competition for bitcoins overall.

Those high volume was fake.  You can see how fake it was when those big exchanges implemented fees on trade transaction.  But yeah,  I agree that world wide adoption and competition is healthy for Bitcoin economy.  As far as I know Japan is more Bitcoin friendly than China.
The popularity of bitcoin in Japan started evolving last year as there was a growing demand for bitcoin and things might even change in Japan in the future as there are rumors that Japan is planning to legalize bitcoin as a currency. There may be new rules and regulation coming up and really looking forward to how the future holds.