Japan's crypto margins, credit and futures market soars 200% in four years | finder.com

Japan’s crypto margins, credit and futures market soars 200% in four years

Peter Terlato 10 April 2018 NEWS

Japan’s crypto trading volume increased five-fold from US$22 million in 2014 to US$97 billion in 2017.

Japan’s Financial Services Agency (FSA) released inaugural domestic cryptocurrency trading data and stats, revealing the meteoric rise of the local cryptocurrency industry and corresponding financial marketplaces.

After evaluating 17 different Japanese cryptocurrency exchanges, the regulator published a new report on its official website, divulging that at least 3.5 million people are trading cryptocurrencies.

Local cryptocurrency traders in their 20s (28%), 30s (34%) and 40s (34%) make up the majority of the market.

The FSA declared that the country’s bitcoin trading volume has increased five-fold over the last four years, growing from US$22 million in March 2014 to US$97 billion in March 2017.

However, what was most interesting to note was the exponential growth of the nation’s bitcoin margins, credit and futures markets. Approximately 142,800 traders exist in these markets as of March 31, 2018.

Trading bitcoin as an underlying asset within these futures markets has exploded in recent years, rising nearly 200% from just US$2 million in 2014 to a colossal US$543 billion in 2017, according to Japan’s FSA data.

A Japanese research group consisting of financial institutions, government representatives and venture enterprises has put forward a proposal for rules to inform initial coin offerings (ICOs) and token sales.

Yahoo Japan will reportedly purchase a 40% stake in BitARG Exchange Tokyo this month in order to take advantage of the company’s technology and construct its own cryptocurrency exchange. However, BitARG has denied this declaration and revealed that it has not made any formal decisions regarding any acquisitions.

The cryptocurrency industry has suffered US$673 million in losses during the first quarter 2018, as a result of global hacks, ponzi scams, phishing attacks and digital currency theft, according to the latest research report.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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