Market News
Japan's crypto players jostle for market share on regulatory easing hopes - REUTERS
Summary
- Companies
- Crypto exchanges in Japan ramp up offerings as demand surges
- Japanese investors' digital asset holdings hit record in July
- Anticipated domestic regulatory changes add to tailwinds
- Experts warn of risks; investors prefer larger tokens over altcoins
TOKYO, Nov 5 (Reuters) - From the launch of new products and services in Japan to facilitating leveraged trading bets, crypto exchanges and some financial firms are rushing to cash in on rising investor enthusiasm for digital assets amid hopes of easing regulations.
The recent surge underscores a higher appetite for riskier investments in Japan as inflation outpaces wage growth and overrides a wariness around crypto investments that followed serious security breaches at exchanges in 2014 and 2018.
