According to the latest data, XRP has become more popular among Japanese investors than Ethereum. In the distribution of assets in the Japanese stock exchanges, the XRP has left Ethereum behind the most preferred Altcoin. Ripple’s popularity of XRP’s popularity in Japan lies in the interest of long -term collaborations and local financial institutions.
Crypto asset distribution in Japan
Bitcoin was the crypto currency, which has the biggest market share among Japanese investors. Bitcoin is the largest asset in Japanese stock exchanges with 65 %. XRP has become the second most popular crypto currency in Japan with a 18 %share. Ethereum ranked third with 14.4 %.
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Bitcoin’s market share has continued to grow despite the increase in Altcoin projects in recent years. However, XRP’s strong position in Japan reveals that investors in the country’s interest in the Ripple ecosystem continues.
Powerful location of XRP in Japan
Ripple has long been strong in Japan. In 2016, Japanese finance giant SBI Holdings started an initiative called SBI Ripple Asia in cooperation with Ripple. In 2019, SBI CEO Yoshitaka Kitao participated in Ripple’s board of directors and strengthened the company’s strategic moves in Japan.
In 2020, Ripple raised the idea of moving his headquarters to Japan due to legal problems in the USA. However, the company later decided to stay in San Francisco.
XRP popularity in South Korea and Japan
Ripple CEO Brad Garlinghouse describes Japan as one of the most crypto -friendly countries in the world. The country’s net regulation helped projects such as Ripple to easily integrate with the Japanese finance sector.
Ripple created a special fund to support block chain innovation in Japan and South Korea last year. This fund aims to encourage block chain -based projects, especially for fintech and payment systems.
SBI Group and XRP Ledger Integration
SBI Group became the first Japanese financial institution to officially announce that it will officially use the XRP Ledger (XRPL). This development has expanded the corporate usage areas of XRP, while increasing its popularity among individual investors.
XRP attracts great attention not only in Japan but also in South Korea. South Korea is known as one of the countries where Altcoin investments are highly preferred in crypto money markets.
