Bitflyer volume surges 200% past Binance, Coinbase as oil spike sends Nikkei sliding

Bitflyer trading spiked even as Japan’s Nikkei tumbled, while Korea and Taiwan equities joined the broader Asian selloff. What to know : Crypto trading on Japan's Bitflyer surged as the Nikkei slumped, with the exchange's 24-hour volume jumping about 200%, outpacing gains on global platforms like Coinbase and Binance. Bitcoin rose more against the yen than against the U.S. dollar or the Korean won during Asian trading hours, reflecting both yen weakness and a sharp pickup in Japanese crypto activity as equities sold off. Asian stock markets suffered some of their steepest post-pandemic declines amid a spike in oil prices, with South Korea's Kospi, Japan's Nikkei 225 and Taiwan's Taiex all tumbling, though losses remained smaller than during the 2008 crisis and March 2020.