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Which cryptocurrencies are most commonly traded against the yen?

avatarLuiz GuilhermeDec 28, 2021 · 3 years ago3 answers

Can you provide a list of the cryptocurrencies that are frequently traded against the yen? I'm interested in knowing which digital currencies have a high trading volume in the yen market.

Which cryptocurrencies are most commonly traded against the yen?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! The most commonly traded cryptocurrencies against the yen include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a significant trading volume in the yen market and are widely accepted by various exchanges. It's important to note that the trading volume and popularity of cryptocurrencies can vary over time, so it's always a good idea to check the latest market trends.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to cryptocurrencies traded against the yen, Bitcoin (BTC) is undoubtedly the most popular and widely traded digital currency. Ethereum (ETH) and Ripple (XRP) also have a significant presence in the yen market. Other cryptocurrencies that are commonly traded against the yen include Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA). These cryptocurrencies have gained traction in the Japanese market due to their strong communities and partnerships with local businesses.
  • avatarDec 28, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the most commonly traded cryptocurrencies against the yen are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have a high trading volume and liquidity in the yen market, making them attractive options for traders. However, it's worth noting that the cryptocurrency market is highly volatile, and trading volumes can change rapidly. It's always recommended to stay updated with the latest market trends and conduct thorough research before making any trading decisions.