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September 20, 2020
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Bitcoin daily average volume in May, Japanese yen rising to second place after US dollar

According to Coinmetrics, a data site with a strong presence of the Japanese yen, the Japanese yen was ranked second in the world after the US dollar in the average daily trading volume of virtual currency (cryptographic assets) Bitcoin in May. .. The presence of the Japanese yen has been declining since the burst of the cryptocurrency bubble in 2018.
Source: Coinmetrics
Bitcoin transactions denominated in fiat currencies around the world cost $1.2 billion per day. Of this, the US dollar accounts for half of the total at 559 million dollars, and the Japanese yen accounts for about 30% of the total with the volume of 380 million dollars. The Euro, South Korean Won, and British Pound are among the top…

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