News View Non-AMP

XRP Becomes Most Traded Altcoin in Japan, Surpassing Ethereum

Published by
Zafar Naik

Japan’s banking sector is gearing up for a major shift, with nearly 80% of banks planning to adopt XRP in 2025. In one such move, XRP has officially pulled ahead of Ethereum in trading activity. According to SBI Group Report,  one of Japan’s major crypto exchanges, XRP was the second most-traded cryptocurrency last month, right behind Bitcoin. This is a strong reminder that XRP still has a big and loyal following, especially in Japan, where it’s been popular for years.

XRP Wins More Trader Attention

On the SBI VC Trade platform, the trading volume for XRP against the Japanese yen (XRP/JPY) was higher than Ethereum’s (ETH/JPY). That’s a big shift, considering Ethereum is usually one of the biggest names in crypto. Meanwhile, Solana (SOL) and Dogecoin (DOGE) landed in the fourth and fifth spots. Japanese traders are favoring XRP more right now, leaving Ethereum a step behind.

Moreover, XRP’s strong presence in Japan isn’t random. Ripple, the company closely linked to XRP, has spent years building solid relationships with Japanese banks and businesses. Because of that, XRP became trusted early on. While other cryptocurrencies are still working to win people over, XRP already feels familiar to a lot of Japanese traders, and that loyalty is paying off now.

Yoshitaka Kitao, CEO of SBI Group, has voiced strong support for XRP, highlighting its growing use in international remittances through RippleNet. He stressed that real-world demand is key to XRP’s long-term success, while criticizing Bitcoin for lacking inherent value.

More People Getting Into XRP

Adding to the momentum, XRP was recently made available on Mercoin, one of Japan’s biggest marketplace apps. This is a big step because it brings XRP to everyday users who might be buying crypto for the first time. Former Ripple executive Emi Yoshikawa pointed out that many Mercoin users are first-timers, which means XRP is reaching even more new people and growing its place in the market.

Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

Recent Posts

Pi Network News: 337M Pi Token Unlock in July – Major Sell-Off Coming

Pi Network, once seen as a quiet underdog, is now facing one of its biggest…

June 29, 2025

XRP Price Prediction As Bulls Prepare For Final 2025 Breakout

The price of XRP is showing bullish signs but remains stuck within a tight range.…

June 29, 2025

Pi Network News: Banxa’s $19M Liquidity Boost Fails to Lift Price, What’s Next?

The Pi Network has been making headlines lately, but its price action isn't living up…

June 29, 2025

Undervalued Crypto With Real Utility? This $0.03 Lending Token Could Do What Binance Coin (BNB) Did in 2020

In the crypto space, utility-driven tokens have historically demonstrated explosive growth, with Binance Coin (BNB)…

June 28, 2025

Will XRP Price Hit $5 in 2025?

After nearly four years, Ripple has officially ended its long-running legal battle with the U.S.…

June 28, 2025

Altcoin Bull Run Ahead? Top Analyst Says the Bottom Is In!

Altcoins may have just hit rock bottom — and that might be great news for…

June 28, 2025