Post
Topic
Board Economics
Re: Japan and the United States equaled the volume of bitcoin trades
by
merchantofzeny
on 06/05/2017, 19:43:21 UTC
Statistics shows that the trading volume in dollars and yen higher than ever, but some believe that these figures should be taken in excess. For example, when China dominated the bitcoin market, this is due to the fact that the trading platform is allowed to trade without fees, which dramatically increased the volume of sales in RMB. Because Chinese exchanges added to the Commission, the trade volume of BTC / CNY in China fell. One of the advantages of a Japanese bitcoin trading is the fact that Japanese stocks do not charge commissions for transactions. It's a little alarming skeptics, since statistics JPY / BTC can be inflated for this reason.

Even if the volumes from Japan were a bit inflated, it still benefited the crytocurrency industry because of the increased number of people going into bitcoins. Of course some of them weak hands may sell when new regulations are put into place but I doubt all of them would suddenly just turn their backs on BTC.

This could be the start of the wider adoption we were hoping for.