THELOGICALINDIAN - A contempo analysis of retail investors in Japan the US and Hong Kong shows that alone a tiny atom of them are currently advance in agenda currencies like bitcoin abrogation amazing abeyant for growth
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Monex Group’s Survey
The Monex Group is an all-embracing banking casework aggregation headquartered in Tokyo. The aggregation appear the twenty-third Monex Global Investor Analysis on Thursday which includes a area on agenda bill investments. The analysis was conducted from May 29 to June 5 this year.
Customers of three Monex Group subsidiaries were asked; Monex Inc. in Japan, Tradestation Securities Inc. in the U.S., and Monex Boom Securities Limited in Hong Kong. There were 872 respondents in Japan, 122 in the U.S., and 300 in Hong Kong.
The Findings
Despite the government acquainted bitcoin as a acknowledged adjustment of acquittal on April 1, the cardinal of Japanese agenda bill investors is still actual low, the analysis found. Monex wrote:
The analysis additionally shows that, amid Monex’s customers, those in Japan are abundant added accustomed with agenda currencies than those in the U.S. or Hong Kong. Only 2.4% of respondents in Japan accepted that they are not accustomed with agenda currencies, compared to over 20% in the added two countries.
Growing Number of Investors in Japan
Monex’s analysis is focused on Japanese investors back best of the respondents were in Japan. Even admitting alone 3% of Monex’s barter in Japan affirmation to accept invested in agenda currency, bitcoin trading aggregate in the country has been consistently growing. Record numbers of chump signups and trading aggregate were apparent at bitcoin exchanges. Last week, Japan’s better barter by volume, Bitflyer, appear that “due to a accelerated access in the cardinal of barter we serve, we are experiencing delays in our responses to chump abutment inquiries.”
More companies accept additionally activated to become bitcoin exchanges with the Japanese Financial Services Agency. Some are big corporations such as GMO, which launched its bitcoin trading belvedere aftermost month. The arduous cardinal of barter alive the belvedere acquired the aggregation to delay its aperture and again brought the website bottomward on the day of its launch.
Meanwhile, Japanese retail investors are fed up with low accumulation absorption ante and alimony problems, driving some to agenda currencies. They are additionally added accepting acknowledgment to bitcoin as added merchants alpha accepting it. Major food such as Bic Camera accept already started accepting bitcoin for retail payments. Recently, Peach Aviation announced several bitcoin casework while 1,400 hotels and inns beyond Japan are set to alpha accepting bitcoin this summer.
Do you anticipate added retail investors will alpha advance in bitcoin soon? Let us apperceive in the comments area below.
Images address of Shutterstock and the Monex Group
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