Compartilhe este artigo

On bitFlyer Japan, Bitcoin Rewards Program Hits New Record

A report shared with CoinDesk Japan revealed the number of bitFlyer users exchanging loyalty points for bitcoin hit a record high in August.

Atualizado 14 de set. de 2021, 9:57 a.m. Publicado 18 de set. de 2020, 12:49 a.m. 1 min readTraduzido por IA
(Shutterstock)

The number of monthly users who earned T-Points, or loyalty points, for bitcoin (BTC) payments on the bitFlyer exchange in Japan reached a record high in August. The two companies partnered to offer rewards to customers last year.

  • According to a bitFlyer report featured in a CoinDesk Japan article Thursday, the exchange did not specify the number of users of the service. But BTC was trading at 1.3 million Japanese yen ($12,400) in August for the first time in a year
  • Midori Kanemitsu, a market analyst at bitFlyer, indicated this reflects a larger trend: against the backdrop of COVID-19 and global monetary easing, bitcoin is shifting from a speculative investment for individuals to an institutional hedge against inflation.
  • Kanemitsu also expects institutional investors to enter the Japanese bitcoin market.
  • A bitFlyer survey conducted earlier this year revealed that 30% of new visitors to the exchange are in their 20s, and that number has doubled since a previous survey conducted in 2018.
  • The rewards system, launched in August 2019, allows users who have a bitFlyer account to exchange T-points for BTC.
  • Users can also earn one T-point for every 500 yen (~$4.80) spent in BTC at participating member stores.

Read more: Most New Customers at Japanese Exchange BitFlyer Are in Their 20s

More For You

Hyperliquid founder Jeff Yan

The decentralized exchange’s new HIP-4 product lets traders bet on offchain events like inflation and interest-rate decisions, using validators rather than UMA-style external dispute resolution.

What to know:

  • Hyperliquid has expanded its HIP-4 outcome market to let users trade prediction-style contracts on offchain events like U.S. inflation data and Federal Reserve decisions alongside crypto derivatives.
  • Unlike rival Polymarket, which relies on UMA’s external oracle, Hyperliquid resolves these markets through its own validator set, which ingests news, decides which...