Published on October 11th, 2017 | by bitcoin0
Why are investors going all in on bitcoin according to major japanese crypto exchange CEO
Yuzo Kano, the CEO at Bitflyer, Japan’s largest cryptocurrency exchange with over 800,000 active users, explained how conservative Japanese investors have started to “go all-in” on Bitcoin and cryptocurrencies.
The vast majority of investors in Japan, South Korea, and China are extremely conservative with their investments and skeptical toward allocating capital to new asset classes.
But, over the past three years, Bitcoin and cryptocurrencies have become mainstream assets in the Japanese market and consequently, Japan has evolved into the largest Bitcoin exchange market ahead of the US.
Currently the Japanese Bitcoin exchange market accounts for 61.23 percent of global Bitcoin trades, more than twice of the trading volume of the US market.
At the CoinoneBlocks offline exchange in South Korea, beginner and casual traders can purchase Bitcoin through offline methods such as ATMs and USB drives.