Japanese cryptocurrency exchanges have seen new account openings increase up to 200% in the past two months, Cointelegraph Japan reported on May 22.
Data obtained from three major trading platforms — Bitpoint, DMM Bitcoin and Coincheck — pointed to a significant increase in interest from entry-level investors since the end of March.
The change in habits among those who assumedly did not use cryptocurrency before highlights the impact of rising prices on consumer interest, which rose in step with the return of a bull market across the industry.
Daily account openings for Bitpoint were three times as high in May as for March, and twice more than in April.
DMM saw May openings double those in March and 1.5 times more than in April, while Coincheck likewise saw openings treble in May compared to March.