Japan’s Financial Services Agency (FSA) on Tuesday released the status report on domestic cryptocurrency transactions.
CoinDesk reported that the data has been collected from 17 cryptocurrency exchanges in Japan, as of March 31, 2018.
According to the report, the country has around 3.5 million people who are engaging in cryptocurrency trading. Further analysis of data reveals that investors in their 30s are leading at 34 percent, followed by investors in their 20s and 40s at 28 and 22 percent respectively.
This means that people in the 20-40 age group account for 90 percent of the total crypto trading population.
Other key takeaways include (dollar values as calculated by CoinDesk):
- Over 140k traders invest in cryptocurrency margins and futures, as of the end of March
- Yearly bitcoin trading volume grew from $22 million as of March 31 in 2014 to $97 billion in 2017
- Trading on margins, credit and futures of bitcoin as an underlying asset skyrocketed from $2 million in 2014 to $543 billion in 2017
- The number of stores that accept bitcoin as payment stood at 52,190 at the end of March, while only 80 stores accept Ether
The FSA established the cryptocurrency study group comprising of representatives from academic institutions, cryptocurrency exchanges, and government agencies in March this year. It believes that the study of the domestic cryptocurrency trading statistics would make the way for a more comprehensive analysis of institutional issues in the domestic cryptocurrency trading space.


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