1. Global Trading Overview
1.1 Cryptocurrency Diversity
- Over 23,000 cryptocurrencies were circulating globally as of March 2023 (Source: CoinMarketCap)
Primary cryptocurrencies analyzed in this report based on market capitalization and adoption:
- BTC (Bitcoin)
- ETH (Ethereum)
- XRP (XRP)
- ADA (Cardano)
- MATIC (Polygon)
- LTC (Litecoin)
- BCH (Bitcoin Cash)
1.2 Trading Volume Trends
- Daily trading volumes showed temporary spikes during November 2022 price fluctuations before stabilizing at lower levels
| Cryptocurrency | Max Daily Volume | Min Daily Volume | Avg Daily Volume |
|---|---|---|---|
| BTC | ¥17.3 trillion | ¥1.0 trillion | ¥4.0 trillion |
| ETH | ¥6.1 trillion | ¥314.6 billion | ¥1.8 trillion |
| XRP | ¥1.1 trillion | ¥29.9 billion | ¥193.3 billion |
| ADA | ¥420.7 billion | ¥12.0 billion | ¥90.3 billion |
1.3 Price Movements (2022)
- BTC: Peaked at ¥5.72 million (April) → Dropped to ¥2.17 million (December)
- ETH: Peaked at ¥432,338 (April) → Dropped to ¥134,102 (June)
- Altcoins showed similar volatility patterns with most reaching annual lows in Q2/Q4 2022
1.4 Market Capitalization
- Total crypto market cap: ¥157.6 trillion (down from ¥253 trillion in 2021)
Dominance distribution:
- BTC: 46.37%
- ETH: 18.49%
- XRP: 2.34%
- Other: 30.02%
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2. Domestic Trading in Japan
2.1 Exchange Membership
- 33 registered crypto exchange members in Japan as of March 2023
- New offerings: 19 additional tokens (including 2 IEOs) became available
2.2 Most Traded Cryptocurrencies
- BTC: Available on 29 exchanges
- ETH: 28 exchanges
- XRP: 20 exchanges
- LTC: 21 exchanges
- BCH: 24 exchanges
2.3 Trading Volume Analysis
- Both spot and margin trading volumes decreased by over 50% year-over-year
Spot trading composition:
- BTC: 57.92%
- ETH: 17.43%
- Combined 80% market share
2.4 User Account Statistics
- Total registered accounts: 6.8 million (+16% YoY)
- Active accounts: 3.96 million (58.17% activation rate)
Demographic breakdown:
- 30s: 32.25%
- 40s: 27.70%
- 20s: 17.81%
- Gender: 68% male, 17% female
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FAQ Section
Q: How many cryptocurrencies exist globally?
A: As of March 2023, there were approximately 23,000 different cryptocurrencies in circulation.
Q: Which cryptocurrency has the highest market share?
A: Bitcoin (BTC) dominates with 46.37% of total market capitalization, followed by Ethereum (ETH) at 18.49%.
Q: How has Japan's cryptocurrency market changed?
A: Japanese exchanges added 19 new tokens in 2022, while trading volumes decreased by over 50% compared to 2021.
Q: What percentage of crypto accounts are active?
A: About 58% of registered accounts show trading activity or balance holdings.
Q: Which age group trades cryptocurrencies most frequently in Japan?
A: Users in their 30s comprise 32.25% of all accounts, followed by those in their 40s (27.70%).
Note: All financial years referenced follow Japan's April 1-March 31 fiscal calendar unless otherwise specified.