BTC : JAPAN will made the difference

The Japanese market outpaced the US and Chinese Bitcoin markets

On Feb. 17, in an article entitled “Size Matters: Japan Becomes Largest Bitcoin Exchange Market, Beats China and US,” Cointelegraph reported that the Japanese market outpaced the US and Chinese Bitcoin markets to become the largest Bitcoin exchange market in the world with a $135 mln daily trading volume and a 50 percent market share.

The exponential growth of the Japanese Bitcoin market can be attributed to two major events: the introduction of efficient regulatory frameworks by the Japanese government and the temporary suspension of Bitcoin withdrawals by two leading Chinese Bitcoin exchanges Huobi and OKCoin.