Cryptocurrency trading value in Japan FY 2016-2022, by trading type
In the fiscal year 2022, the trading value of crypto assets in Japan amounted to over 24.9 trillion Japanese yen. The spot market reached a transaction value of about 10 trillion Japanese yen while the margin trading value amounted to 14.9 trillion yen.
Crypto account holders in Japan
The crypto asset market in Japan has gained popularity in recent years, as highlighted by a growing number of active accounts on crypto exchanges in Japan. By fiscal year 2022, over six million crypto accounts had been set up, of which 3.7 million were active. Men represented the majority of account holders. Broken down by age group, the largest share of account holders were in their thirties, followed by people in their forties.
Eased regulations to boost number of listed coins
Tight regulations regarding the launch of new cryptocurrencies have been limiting the competitiveness of Japanese trading platforms that list fewer coins than their international counterparts. In 2022, the Japan Virtual and Crypto assets Exchange Association, a self-regulatory body for the cryptocurrency industry, eased listing procedures for a part of currencies by issuing a green list of cryptocurrencies that do not require a screening process to be newly listed by trading platforms.