Over the past two months, the number of new accounts on the Japanese cryptocurrency exchanges has more than tripled.
According to Cointelegraph Japan, these data were obtained from three major trading platforms — Bitpoint Japan, DMM Bitcoin, and Coincheck, and they indicate a significant increase in investor interest since the end of March. Such a stir among those who previously allegedly did not use cryptocurrency emphasizes the impact of price increases on consumer interest, which increased with the return of the bull market.
In May, the number of open accounts on the Bitpoint exchange increased by 3 and 2 times as compared with April and March, and for DMM in May this figure increased by a half and two times, respectively. In addition, Coincheck opened three times more bills this month than in April.
Coincheck’s public relations department told Cointelegraph Japan that a local surge occurred on May 14, when the number of new accounts on the crypto exchange increased by 7x, compared with the average for March.
Trading on cryptocurrency exchanges has also become quite lively lately. According to the new CryptoCompare report, there was a significant increase in trading volume on centralized cryptocurrency exchanges in April of this year.