#AbuDhabiStablecoin XRP surpassed ETH and is now the second most popular cryptocurrency in Japan.

XRP has managed to displace Ethereum from the second spot in the ranking of the most traded cryptocurrencies in Japan, according to the latest data provided by SBI VC Trade, corresponding to the month of March.

The Ripple token reached this milestone thanks to a combination of factors, among which institutional support, regulatory clarity, and adaptation to the more conservative profile of Japanese investors stand out.

Regulatory clarity: the decisive factor

The Financial Services Agency of Japan (FSA) has played a key role in the growing popularity of XRP by excluding it from the securities category. This legal definition allows the token to operate without the restrictions that affect other cryptocurrencies, generating confidence among institutions and retail investors. This scenario contrasts with the landscape in the United States, where Ripple is still facing lawsuits from the SEC, awaiting the new president Paul Atkins to finally approve the agreement between both parties.

Adoption of XRP in the local market

In addition, the presence of XRP on exchanges like Mercoin, one of the most popular cryptocurrency applications in Japan, has been fundamental to its growth. This movement enables a larger number of people to access XRP, especially novice investors, due to its more user-friendly access.

XRP surpassed ETH and is now the second most popular cryptocurrency in Japan.

XRP has managed to displace Ethereum from the second spot in the ranking of the most traded cryptocurrencies in Japan, according to the latest data provided by SBI VC Trade, corresponding to the month of March.

The Ripple token reached this milestone thanks to a combination of factors, among which institutional support, regulatory clarity, and adaptation to the more conservative profile of Japanese investors.