[Translation] Japan overtakes the United States to become the world’s second-largest Bitcoin trading market

This article is from January 14, a little earlier, and discusses Bitcoin prices that surged from the end of 2016 into the new year and then dropped sharply about a week later.

So far, it isn’t clear why this volatility is occurring at this particular point in time.

The Bitcoin market continues to develop over time, and with that there are interesting paradigm shifts.

China remains the largest market for Bitcoin trading, but competition for the No. 2 spot is intense. At one time the United States market held that position, but now Japan has taken it away.

In the past few days, Japan’s market has grown dramatically and rapidly risen to become the second largest in terms of trading volume.