The premium for Japanese bitcoin rose to as high as 1.49% in early April, a new high since March 2020
2024-04-29 11:43:08
TradingView data shows that the Japanese cryptocurrency exchange bitFlyer's Bitcoin-Japanese Yen (BTC/JPY) trade is trading at a premium of about 0.2% to the USD-denominated price of Nasdaq-listed Coinbase (COIN). In recent weeks, mainstream cryptocurrencies have continued to see a premium denominated in yen. The premium rose to as high as 1.49% at the beginning of this month, setting a new high since March 2020, indicating that traders are diversifying into alternative assets to avoid yen fluctuations.
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