• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
Trader

Japan Rises to Become 2nd Biggest Bitcoin Trader in the World

William Suberg
by William Suberg
8 years ago
·
Posted in News, Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin Exchange, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume.


Japan: World’s #2 Bitcoin Trader

His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone.

In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal setup was fostering increased crypto adoption.

profile-pic

“…It seems to me few people are aware of what’s happening in Japan now, especially its ever increasing bitcoin trading volume and signs of wider bitcoin adoption,” he wrote.

In terms of trading volume, in fact, yen is already the second biggest currency after Chinese yuan.

The figures Higashi highlights make for surprising reading. Data from Cryptocompare supports his findings, with Japan’s volume just a hair above the US at present. It should be noted, however, that not all exchanges are accounted for in the charts available.

asdasdasda

Japan’s daily trading volumes are now between 120,000 and 150,000 BTC (excluding OTC and P2P trading) – still only around 15% of China, yet enough to support a solid trend, he states.

“Japan is not quite there to challenge the China’s spot yet but it’s notable that about 10% of the bitcoin trading in the world comes from Japan now,” he continued.

Future Uncertain… But Better Than China

A recent Bitcoinist article highlighting purportedly huge increases in merchant adoption in the country meanwhile met with criticism from locals, who said that despite the claims made by Japanese media outlet NHK, the reality remained that using Bitcoin even in Tokyo was next to impossible.

However, a list of where you can spend your bits in Tokyo was compiled by Japanese exchange Coincheck here.

shutterstock_442049602

Still, Higashi too errs on the side of caution, adding that the current status quo did not necessarily signal a flood of adoption – and could ultimately mean the opposite.

“I think the new virtual currency law in Japan will turn out worse than Bitlicense in some aspects contrary to popular media narratives,” he said about the latest Japanese legislation which should come into effect in Spring.

Under this legislation, businesses getting into the cryptocurrency sphere will have the “entry barrier lowered,” Higashi said, leading to increased participation and trading. He predicts that,

At the end of this year, Japan may end up becoming the Number 1 country for Bitcoin trading officially.

Bitcoin Business Gets Ready

Meanwhile, the country’s Bitcoin ecosystem is wasting no time in grabbing the public’s attention amid a more favorable climate.

Tech company GMO Internet announced Tuesday that it would enter the Japanese Bitcoin market with a wallet and exchange service specifically due to the regulatory changes.

Extant exchange BitFlyer is even advertising on major television networks, producing a pitch which is decidedly Japanese in nature, complete with a jingle users have been translating on Reddit.

https://www.youtube.com/watch?v=5Ux95b2QsuQ

What do you think about Higashi’s forecasts and the future of Bitcoin in Japan? Let us know in the comments below!


Images courtesy of Shutterstock, cryptocompare.com, counterparty foundation

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
William Suberg

William Suberg

Follow

Full Profile

Related Posts

BlackRock

Quantum Threat? BlackRock Flags Future Risk In Bitcoin ETF Filing

15 hours ago
Bitcoin

Bitcoin At The Core Of Bhutan’s Tiny Yet Mighty Investment Plan

2 days ago
Bitcoin

From Tokyo With Bitcoin: Metaplanet Tops El Salvador In Crypto Holdings

3 days ago
McGregor

McGregor For President? With Bitcoin In His Corner, Anything’s Possible

3 days ago
Bitcoin

Bitcoin Returns To Consolidation Phase Ahead Of Projected Surge To $106K-$110K Range

3 days ago
Bitcoin

Crypto Analyst Predicts Bitcoin To Hit $200,000 At Cycle Top – Details

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • How to Make $50,000 a Day – Mining Dogecoin (DOGE)...

    4 hours ago
  • BlockchainCloudMining helps you earn $4,950 a day, how to...

    5 hours ago
  • Earn passive income with XRP, Dogcoin and BTC: Win at least...

    6 hours ago
  • Bitcoin (BTC) Price Analysis: Launch XRP and DOGE Miners...

    7 hours ago
  • Earn $7,777 a day – PaladinMining allows users to pay...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.