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Tuesday, 10 April 2018

FSA reveals the Number of Crypto traders in Japan... Numbers will shock you

The statistics for the number of cryptocurrency traders in Japan has been revealed for the first time by Japan's Financial Security Agency. According to data gathered from 17 cryptocurrency exchanges in Japan, as of Mar. 31 this year, the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets.

Moreover, crypto investors in their 20s, 30s and 40s make up a major share, accounting for 28, 34, and 22 percent, respectively, of the total crypto trader population in Japan.

The Financial Security Agency revealed that the domestic trading statistics is a first step towards a more comprehensive examination over institutional issues in the cryptocurrency trading space in Japan. The financial regulator also disclosed in the latest report that the number of traders investing in cryptocurrency margins and futures is about 142,842 as of the end of March.

Read Also: Police Officer stole $1.3 million worth of Bitcoin?

In a matter of just 3 years space, yearly trading volume of the actual bitcoin cryptocurrency in Japan has grown from $22 million as of Mar. 31 in 2014 to $97 billion in 2017. Yet at the same time, trading on margins, credit and futures of bitcoin as an underlying asset has surged from only $2 million in 2014 to a whopping $543 billion just in 2017 alone, FSA said. 

Do you see this number doubling before the end of this year? Share your thoughts with us below in the comment section. 

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