Analysis-Japan’s crypto players jostle for market share on regulatory easing hopes
By Anton Bridge and Rae Wee
TOKYO (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.
Japanese investors’ crypto assets surpassed a record 5 trillion yen ($33.16 billion) at the end of July, jumping 25% from just a month earlier. The price of bitcoin – the dominant holding – rose only 15% in yen…
