Japan has more than 3 million crypto traders

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6 months ago
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Japan’s Financial Services Agency (FSA) has released domestic statistics on crypto trading gathered from exchanges for the first time.

The information from 17 Japanese exchanges showed that there are at least 3.5 million individuals in the country that are trading with cryptocurrencies as actual assets. Investors in their 20s, 30s and 40s constitute the crucial share of market actors. In addition, according to the regulator, more than 140 thousand citizens are currently investing in crypto-margins and futures.

The statistics was released following the trend of striving for maximum transparency of the industry supported by watchdog after a large-scale hacker attack on Coincheck.

The recent independent study conducted by Deutsche Bank demonstrated that most of the world’s crypto traders are men from Japan between 30-50 y.o. who had previously worked with Forex markets.