New FSA Report Discloses Breakdown of Japan’s Cryptocurrency Audience
- Japanese investors in their 20s, 30s, and 40s are the biggest drivers of the virtual asset boom.
Japan has long been seen as a global cryptocurrency capital, with trading volumes on its local exchanges reaching dizzying heights. With the exponential increase in prices last year, the number of market participants also ramped up.
Overall, 2017 was a watershed year for the virtual asset class in Japan. A recent survey by Japan’s Financial Services Agency (FSA) confirmed that just under 3.5 million investors had holdings in at least one cryptocurrency.
The average of cryptocurrency user's age was the same as many normal investment curves with a greater participation from the middle-age group. Of the record number that the crypto space attracted, Japanese investors in their 20s, 30s, and 40s are the biggest drivers of the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term boom. During the January-March period, the three segments accounted for 28, 34, and 22 percent respectively.
The most common reason for getting into the market, according to the survey, was the perception of strong profits as the economy has seen years of ultra-low interest rates offering little in the way of traditional returns.
The data also shows that many Japanese investors are engaged in leveraged trading, using borrowed funds. The country is believed to have had about $543 billion in leveraged virtual currency trading, per a report from a self-regulatory body.
Considering how closely involved many Japanese retail investors are in the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term space, it's no surprise that Japanese retail investors have become major players in cryptocurrency markets.
Japan accounts for over 50 percent of global FX margin trading and it’s believed that many investors were shifting from the foreign exchange markets to leveraged cryptocurrency trading.
Figures published by the Japanese Cryptocurrency Business Association (JCBA) have also revealed that the booming digital-currency market continues to attract record levels of trading volumes in the underlying market.
With more than $97 billion in turnover of the underlying bitcoin, the 2017 figures show an increase of more than 300.000 percent from only $22 million back in 2014. In addition, the number of traders investing in leveraged cryptocurrency instruments was estimated at more than 140,000 as of the end of the reported period.
Japan has long been seen as a global cryptocurrency capital, with trading volumes on its local exchanges reaching dizzying heights. With the exponential increase in prices last year, the number of market participants also ramped up.
Overall, 2017 was a watershed year for the virtual asset class in Japan. A recent survey by Japan’s Financial Services Agency (FSA) confirmed that just under 3.5 million investors had holdings in at least one cryptocurrency.
The average of cryptocurrency user's age was the same as many normal investment curves with a greater participation from the middle-age group. Of the record number that the crypto space attracted, Japanese investors in their 20s, 30s, and 40s are the biggest drivers of the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term boom. During the January-March period, the three segments accounted for 28, 34, and 22 percent respectively.
The most common reason for getting into the market, according to the survey, was the perception of strong profits as the economy has seen years of ultra-low interest rates offering little in the way of traditional returns.
The data also shows that many Japanese investors are engaged in leveraged trading, using borrowed funds. The country is believed to have had about $543 billion in leveraged virtual currency trading, per a report from a self-regulatory body.
Considering how closely involved many Japanese retail investors are in the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term space, it's no surprise that Japanese retail investors have become major players in cryptocurrency markets.
Japan accounts for over 50 percent of global FX margin trading and it’s believed that many investors were shifting from the foreign exchange markets to leveraged cryptocurrency trading.
Figures published by the Japanese Cryptocurrency Business Association (JCBA) have also revealed that the booming digital-currency market continues to attract record levels of trading volumes in the underlying market.
With more than $97 billion in turnover of the underlying bitcoin, the 2017 figures show an increase of more than 300.000 percent from only $22 million back in 2014. In addition, the number of traders investing in leveraged cryptocurrency instruments was estimated at more than 140,000 as of the end of the reported period.