In the fiscal year 2023, the trading value of crypto assets in Japan amounted to over 16.9 trillion Japanese yen. The spot market reached a transaction value of about 11.4 trillion Japanese yen while the margin trading value amounted to 5.6 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 2023, by type of trading
(in trillion Japanese yen)
fiscal year 2016 to 2023; 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 2023 are based on 32 Japan Virtual and Crypto assets Exchange Association (JCVEA) members. The number of members differs from previous years.
Due to individual company circumstances, data for some members are not included for some months in FY 2022 figures.
Figures prior to fiscal year 2019 are from previous reports.
100 Japanese yen equal 0.69 U.S. dollars or 0.62 euros as of October 2024.
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JVCEA. (September 30, 2024). Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2023, by type of trading (in trillion Japanese yen) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/
JVCEA. "Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2023, by type of trading (in trillion Japanese yen)." Chart. September 30, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/
JVCEA. (2024). Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2023, by type of trading (in trillion Japanese yen). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/
JVCEA. "Value of Transactions with Cryptocurrency in Japan from Fiscal Year 2016 to 2023, by Type of Trading (in Trillion Japanese Yen)." Statista, Statista Inc., 30 Sep 2024, https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/
JVCEA, Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2023, by type of trading (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/ (last visited November 23, 2024)
Value of transactions with cryptocurrency in Japan from fiscal year 2016 to 2023, by type of trading (in trillion Japanese yen) [Graph], JVCEA, September 30, 2024. [Online]. Available: https://www.statista.com/statistics/1279096/japan-cryptocurrency-transaction-value-by-trading-type/
