New Data on Cryptocurrency Trading Underscores Japan as a Major Hub

For the first time, Japan’s financial watchdog has released data about the cryptocurrency trading boom in the country, substantiating its status as a leading bitcoin hub.

At least 3.5 million people were trading cryptocurrency on Japan’s 17 domestic exchanges as of the end of March this year, according to Coindesk’s translation of statistics from the country’s Financial Services Agency (FSA). The vast majority, 84%, are between the ages of 20 and 40.

The regulatory body also revealed...

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