Japan continues to lead in terms of bitcoin-trading

The Japanese bitcoin market is one of the few markets where there are no commission fees, which allows the country to once again take the first place by the volume of Bitcoin trading.

This is written by Cointelegraph.

According to CryptoCompare, the Japanese yen (JPY) constitutes a huge part of Bitcoin's global trading in the last 24 hours - 43.6%. And its volume exceeds 97.000 BTC, against which the US does not look so influential and takes second place. They accounted for 25% and 55.800 BTC.

Japan also ousted China, which is now only in third place. For the first time, this happened in February, when the Chinese exchanges suspended the withdrawal of the Bitcoins. After further market permutations, the attractiveness of freedom from fees and taxes generates the largest volume of trades. In contrast, China no longer offers free trade, under the new crypto-currency legislation in the country. In addition, Bitcoin's popularity in Japan is growing among ordinary consumers, and more and more traders are beginning to accept Bitcoins for payment in regular stores.

The CryptoCompare report gives unexpected results. The top five most active currencies selling Bitcoin, JPY, USD, CNY, KRW and EUR are PLN, which amounted to 858 BTC in the last 24 hours. Then follows the British pound (GBP), the Australian dollar (AUD), the Canadian dollar (CAD) and the Russian ruble (RUB).