Crypto researcher SMQKE (@SMQKEDQG) recently shared a chart showing the leading cryptocurrencies in Japan by spot trading volume for February 2022. The figures reveal a clear outcome. XRP dominated with 1,356 million units traded, far ahead of Symbol at 826 million and Stellar at 383 million.
By comparison, Bitcoin and Ethereum accounted for only a fraction of that unit volume. This snapshot confirms the lasting position of XRP as the most actively traded cryptocurrency in Japan.
Investor Activity That Drives Markets
XRP has thrived in Japan, with investors playing a decisive role in the digital asset’s performance. As the document noted, “a significant portion of XRP’s price movement has been caused by Japanese investors buying the cryptocurrency and driving the price up.”
This reflects consistent demand and enthusiasm among retail participants who continue to view XRP as an attractive digital asset. Their activity has not only supported liquidity but also ensured that XRP remains at the center of Japan’s cryptocurrency market.
“Why Japanese like XRP”✅
“…a significant portion of XRP's price movement has been caused by Japanese investors buying the cryptocurrency and driving the price up.”✅
“Despite Ether's position as the second largest cryptocurrency by market cap, some Japanese crypto investors… https://t.co/1T4hWBbD3J pic.twitter.com/FQ2bzP71ba
— SMQKE (@SMQKEDQG) August 17, 2025
An Appealing Alternative to Ethereum
Even with Ethereum holding the global position as the second-largest cryptocurrency by market capitalization, many Japanese investors choose XRP. The source observed that “some Japanese crypto investors may find XRP to be a more appealing investment.”
SMQKE’s document also highlighted survey results from BITMAX in 2020 that confirm this trend. XRP nearly matched Bitcoin in popularity, with Ethereum ranking behind both. The chart reinforces this preference, demonstrating that strong local demand for XRP remains consistent over time.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Institutional Support Through SBI Holdings
The commitment of major institutions further strengthens XRP’s standing. SBI Holdings, one of Japan’s most respected financial groups, has invested heavily in Ripple and promoted XRP-based solutions.
Since 2017, the partnership has grown steadily, with SBI integrating XRP into payment services and remittance platforms. This backing from a trusted financial leader provides credibility, ensuring that both retail and institutional participants can engage with the digital asset confidently.
A Market Defined by Confidence
The chart highlighted by SMQKE provides clear evidence of XRP’s strength in Japan. The trading volumes directly reflect investor confidence, while survey data and institutional partnerships illustrate the reasons behind it.
Japanese investors continue to see XRP as a valuable and practical cryptocurrency, supported by both retail enthusiasm and corporate leadership. With this foundation, the digital asset maintains a unique and leading role in the Japanese market, and the evidence consistently points to its position as the preferred choice for many.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
