Cover image via U.Today

SBI VC Trade, the cryptocurrency exchange operated by Japanese financial giant SBI Holdings, reports XRP as the second most traded cryptocurrency last month. The XRP/JPY trading pair outperformed ETH/JPY, with XRP and ETH placing second and third respectively. Solana (SOL) and Dogecoin (DOGE) followed in fourth and fifth place. Bitcoin, unsurprisingly, remained the most traded cryptocurrency on the exchange.

XRP's popularity is not unexpected, given its established presence in the Japanese market. Last week, as reported by U.Today, XRP also launched on Mercoin, Japan's leading marketplace app, further indicating its growing mainstream adoption. According to former Ripple executive Emi Yoshikawa, Mercoin users are often first-time cryptocurrency buyers. Read the original article on U.Today