chris ares & prototyp nds - statistics on cryptocurrency trading in japan lyrics
the j+pan virtual currency exchange association (jvcea) has received cryptocurrency exchange data for march 2021, and it continues to show a heavy reliance on bitcoin trading volumes
in reality, only five of the 29 white+listed coins — btc, eth, xrp, xem, and qtum — have a market share of more than 2%. outside of the top ten coins, trading volume is just 1.2 percent of total volume
furthermore, the coins outside of the top ten have just 28 listings in the entire network of 27 jvcea partic+p+nts, implying that they have all been funded by a single exchange
given the regulatory action taken against the company and its founders/management in the united states, ripples’ status in j+pan stands out. only bitcoin, bitcoin cash, and ethereum have more exchange listings than xrp, thanks to sbi’s heavy investment and support for the ripple ecosystem
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