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.
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.
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.
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