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.
Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading
(in trillion Japanese yen)
fiscal year 2016 to 2022; the fiscal years started April 1 of the stated year and ended March 31 of the following year
Supplementary notes
*Notional amount.
Figures for FY 2022 are based on 33 Japan Virtual and Crypto assets Exchange Association (JCVEA) members. The number of members differs from previous years.
Figures prior to fiscal year 2018 are from previous reports.
100 Japanese yen equal 0.67 U.S. dollars or 0.62 euros as of December 2023.
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JVCEA. (September 29, 2023). Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading (in trillion Japanese yen) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com
JVCEA. "Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading (in trillion Japanese yen)." Chart. September 29, 2023. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com
JVCEA. (2023). Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading (in trillion Japanese yen). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com
JVCEA. "Value of Transactions with Cryptocurrency in Japan from Fiscal Year 2016 to 2022, by Type of Trading (in Trillion Japanese Yen)." Statista, Statista Inc., 29 Sep 2023, https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com
JVCEA, Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com (last visited September 19, 2024)
Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2022, by type of trading (in trillion Japanese yen) [Graph], JVCEA, September 29, 2023. [Online]. Available: https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/?ref=hackernoon.com