Madness on Japanese stock exchanges: the price of bitcoin is increasing, volumes have doubled

Coincheck records volume growth by 97%

While bitcoin reached a historic high - last Saturday the price of crypto currency around the world exceeded the limit of $ 2,000, and on Monday it exceeded $ 2,200, the margin on Japanese stock exchanges began to increase - the price of a coin was on average $ 500 The average rate fixed on such resources as Coinmarketcap.com.
On Sunday, when the average bitcoin price reached $ 2,080, the Japanese exchange Coincheck fixed the value of the exchange rate on the Japanese stock exchanges at 260,823 yen ($ 2,344).
The largest exchange of the country - BitFlyer - recorded an increase in trading volume by 97% for 24 hours by Sunday. The Kraken exchange noted an increase in the trading volume of the pair USD / BTC within 21%, Bitfinex - within 51%, and GDAX - 45%.
Dotcom, Saxobank: "We told you so"

The growth rate of prices for the crypto currency has steadily increased as Bitcoin has gained increasing popularity in the business and media communities of Japan. The movement aimed at the universal distribution of bitcoin will soon bear fruit - hundreds of thousands of stores in Japan will soon be able to accept crypto currency as a means of payment. This option is already available in more than 4,500 stores across the country.
Japanese stock exchanges are of interest to overseas traders, as the prices for crypto currency are growing quite actively and the possibility of making a profit through arbitrage (buying assets in one market with the subsequent resale of them at another at a higher price, thus earning profit on the difference) is becoming increasingly popular Topic for discussion in social networks.
In the meantime, the characters are gaining fame, predicting a rise in prices for bitcoin when the crypto currency was worth much less. Among them - Saxobank and Kim Dotcom (Kim Dotcom) - each of them predicted that the price of bitcoin will reach $ 2,000 in 2017.
The banking sector also reacted to the new status of bitcoin - the Norwegian bank Skandiabanken began to offer the opening of crypto-currency accounts.
Unconfirmed transactions spoil the lives of investors

In the meantime, everything is not as perfect as we would like. Speaking of the technical side of the issue, it is worth noting that the number of unconfirmed transactions in the Bitcoin network has now reached such a level that many investors can not take advantage of arbitrage or other lucrative options for trading in crypto currency offered by foreign exchange markets.
Memory pools (mempool) of network nodes record the historical maximum of unconfirmed transactions - their level has grown significantly even compared to the amount that was recorded two months ago. After briefly decreasing on Friday, the queue from transactions continues to grow, with tools such as transaction accelerators becoming the victims of high commission fees to increase the probability of rapid transaction confirmation. Now the average cost of a simple transaction has already exceeded $ 5, and transactions with a lot of inputs and outputs cost dozens of dollars.