- According to a bitFlyer report featured in a CoinDesk Japan article Thursday, the exchange did not specify the number of users of the service. But BTC was trading at 1.3 million Japanese yen ($12,400) in August for the first time in a year
- Midori Kanemitsu, a market analyst at bitFlyer, indicated this reflects a larger trend: against the backdrop of COVID-19 and global monetary easing, bitcoin is shifting from a speculative investment for individuals to an institutional hedge against inflation.
- Kanemitsu also expects institutional investors to enter the Japanese bitcoin market.
- A bitFlyer survey conducted earlier this year revealed that 30% of new visitors to the exchange are in their 20s, and that number has doubled since a previous survey conducted in 2018.
- The rewards system, launched in August 2019, allows users who have a bitFlyer account to exchange T-points for BTC.
- Users can also earn one T-point for every 500 yen (~$4.80) spent in BTC at participating member stores.
On bitFlyer Japan, Bitcoin Rewards Program Hits New Record
On bitFlyer Japan, Bitcoin Rewards Program Hits New Record
On bitFlyer Japan, Bitcoin Rewards Program Hits New Record
A report shared with CoinDesk Japan revealed the number of bitFlyer users exchanging loyalty points for bitcoin hit a record high in August.
A report shared with CoinDesk Japan revealed the number of bitFlyer users exchanging loyalty points for bitcoin hit a record high in August.
A report shared with CoinDesk Japan revealed the number of bitFlyer users exchanging loyalty points for bitcoin hit a record high in August.
Sep 18, 2020, 12:49 AMUpdated Aug 19, 2021, 4:25 AM