Japan’s crypto market matured in 2020, but 2021 may see huge growth
2021 may be the year of natural selection for the Japanese crypto industry. In 2020, the Japanese crypto industry seems to have entered its maturation phase. With new crypto laws established in May, large exchanges have solidified their leading positions, while crypto startups and unregulated businesses have exited the market. However, it seems that a winner has not yet been declared. There are already more than 25 registered exchanges in the small nation with a population of over 100 million, but global crypto giants are just starting to enter the market. Some believe a significant....
Related News
2020 was a huge year for the crypto gambling sector. It was a bad year for the world on the whole, but as more people stayed home and looked for ways to pass the time, online casinos and sportsbooks stepped in. In 2020, we saw more crypto casinos launch than ever before. New crypto games also hit the market every single week—or so it seemed—and things were on the up. The growth continued into 2021 and then hit a roadblock of sorts as Bitcoin reached record highs and then saw its value drop by half. But the growth has restarted in the last month or so and crypto casinos are set for a bumper....
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future. Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8 trillion since the start of 2021.Furthermore, a report from NonFungible.com released late last month reveals....
CoinMetro, the crypto-platform powering the future of finance, announced today that they’ve shattered their growth expectations, with revenue leaping 100x in March 2021 compared to March 2020. Buoyed by a strong crypto market, a vibrant community, and an ever-expanding product lineup, CoinMetro has more than doubled its revenue projections for Q1 2021, putting the Tallinn-based […]
Japan’s biggest brokerages are looking to compete with the country’s crypto-native exchanges for digital asset market share. According to research by Messari, the top three online brokerage firms in Japan are experiencing surging revenue from their cryptocurrency exchange services.In its Asian Crypto Landscape report, Messari noted the operating revenue and net worth of exchange platforms operated by Japan’s top securities brokers is quickly catching up to that of their crypto-native rivals.Comparison of net worth and operating revenue between exchanges operated by crypto-native firms....
Bitcoin proved its store-of-value narrative in 2020, but its growth could bring increased regulatory scrutiny in 2021. The post Bitcoin’s Strong 2020 Could Bring A Bumpy 2021 appeared first on Bitcoin Magazine.