Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification
CoinDesk·
60-second summary
Japanese firms are increasingly turning to Bitcoin and XRP as a weak yen drives treasury diversification, with corporate demand for crypto rising rapidly. SBI VC Trade has seen its registered accounts surge past 2 million, a significant milestone, as companies seek to mitigate currency fluctuations and protect their reserves from yen's depreciation, fueling growth in the Japanese crypto market.
SBI VC Trade says corporate demand for crypto is rising as a weak yen pushes firms to diversify reserves, part of a run that took its registered accounts past 2 million.