Bitcoin Surpasses XRP In Yen-Denominated Crypto Holdings

in busy •  5 months ago  (edited)

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Fresh data from the Japan Virtual Currency Exchange Association has revealed that as ofApril 2019, the value of yen-denominated Bitcoin holdings has outstripped those in XRP ondomestic exchanges.

As Cointelegraph Japan reported on Sept. 10, the surge in the value of exchanges' Bitcoinholdings coincides with the beginning of Bitcoin's 2019 bullish uptrend, which saw the topcryptocurrency hit close to $14,000 by late June.

Value of yen-denominated Bitcoin and XRP holdings on JVCEA member exchanges, January-July 2019.

The JVCEA is a self-regulatory crypto exchange association that formed in March 2018 inorder to help establish industry-wide investor protection standards.

As Cointelegraph Japan notes, back in December 2018, the value of yen-denominated XRPholdings had been higher than that of Bitcoin holdings - despite Bitcoin's larger marketcapitalization globally.

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Please refrain from using the creative coin tag in your posts unless they are actually post pertaining to the creative arts. Doing so can lead to being flagged by @notcreative and a removal of pending CCC rewards.

Sorry, it stuck there by an accident from my other posts that include fiction, poetry and web design. I forgot to exclude it. I removed it from my other posts too.

Edit: I edited post tags in Busy, but crypto posts are still visible in CreativeCoin, I can't fix that part. If it is against rules you can remove CCC rewards from your end on crypto posts, I have no problem with that.