The Japanese crypto market is bizarre
XEM makes up 40% of the volume on one of the top exchanges (barely behind BTC)
H/T
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Conversation
ok so I don't really know the answer here, but some notes:
1) Smaller exchanges are more likely to be niche exchanges that cater to a particular coin
2) XEM has been popular in Japan for a while
3) In fact, XEM was so popular that Japan was ready to buy $600m worth!
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4) That didn't happen: fortune.com/2018/01/31/coi
5) But you, know, there's maybe still latent demand for it, and/or supply
I do... or at least have an idea
The company that set up Zaif (this exchange) has always been the driving force / large whale behind NEM/XEM
[newswire.com/news/japanese-]
I'll let you speculate as to why their exchange has unique, inexplicable volume for barely-used NEM/XEM
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