Japan surpassed the United States to become the world's largest bitcoin Market

Japan has surpassed the United States to become the world's largest bitcoin trading market. At present, Japan accounts for about 48% of the global bitcoin market, and even reached 51% at the end of last weekend.
This is partly because the government recently tightened on China crypto currency regulation, first published the ICO ban, then trading platform ceased operations before the end of September, and will extend the deadline for closing part of the platform to October 30th.
Although the deadline was several weeks, but traders did not sit still. Many previous transactions in China are now moving to Japan, leading to a sharp rise in market share in the country. China's share of the global bitcoin market dropped from 15% to less than 7% in just 3 days.
Before China introduced a nationwide ban on bitcoin and other digital currency transactions, the United States has consistently ranked among the world's largest bitcoin markets.