The foreign exchange markets which pretty much is the exact same thing you can do with cryptocurrencies but a lot of these japanese crypto traders are saying that you know what we're ditching xrp and mana for bitcoin and i personally don't understand
It that's why i wanted to read this article with you because we're very bullish like right now we got our j's on our feet which is means our jordans our jordans on our feet because we know we're feeling bullish on xrp and whenever i see stuff about xrp that might look a little negative i'd rather talk about it and try to make sure that we could talk about the positive but most japanese crypto traders may be leaving all coins behind entirely like
I don't know why they're saying that until i started to read this a lot of it started to make sense all right so listen the vast majority of japanese crypto traders who started getting into the uh the market in the last year may be investing solely in bitcoin so according to the data uh published on august 19th the japanese virtue and crypto assets exchange uh jvcea bitcoin's dominance relative to all coins and japanese market uh reached more than 87 percent in april no other token accounted for more than six percent of monthly volume traded interesting
So a lot of people are trading right now and uh they're they're basically saying that bitcoin seems to be the one that they're using and i wonder why though i don't to me it's like i need my questions answered and this is why it's super urgent for me is because i'm trying to ask the professionals if there's some pros out there see i don't claim to be some sort of guru in the space i'm learning just like you're learning i just want my questions answered in the same month
The number of active accounts for spot crypto trading in japan increased 13 987 in all time high sheesh all time high at the time okay so it seems like japanese investors overall interest in all coins has been shrinking over time relative to the interest of bitcoin said yuya has my gosh i totally pronounced that guy's name wrong if i mess it up please you can give me a spanking a market analysis at japan based crypto exchange bit bank given the growth of the number