KuCoin Report Reveals 3.8 Million Japanese Engaged in Cryptocurrency

KuCoin has not too long ago launched its thirteenth version of the ‘Into The Cryptoverse’ report, specializing in the quickly rising cryptocurrency market in Japan. The report offers an in depth evaluation of the traits, preferences, and behaviors of Japanese crypto traders.

The survey concerned 400 Japanese adults aged between 18 and 60, who’re actively investing in cryptocurrencies. The important thing findings of the report embrace:

Crypto Adoption in Japan: The survey reveals that roughly 3.8 million Japanese adults, constituting 5% of the grownup inhabitants aged between 18 and 60, are actively engaged in crypto investments.

  1. Youth and Crypto: A formidable 39% of Japanese younger crypto traders maintain over JPY¥10,000 in crypto, demonstrating a powerful inclination in the direction of substantial crypto investments.
  2. Girls in Crypto: Girls signify a big 29% of younger traders in Japan, reflecting a rising curiosity within the potential and alternatives provided by crypto investments.
  3. Lively Buying and selling: Practically half (49%) of younger Japanese crypto traders commerce a number of instances weekly, indicating the energetic participation of youthful traders within the crypto market.

The report additionally highlights Japan’s progressive tax insurance policies, fostering a thriving crypto ecosystem, attracting startups, and driving innovation. “Japan’s crypto panorama is evolving at an unprecedented tempo, and we at KuCoin are dedicated to staying on the forefront of this transformation,” stated Johnny Lyu, CEO of KuCoin.

The report additional explores Japanese traders’ most well-liked crypto belongings, together with Bitcoin and Ethereum, and the rising curiosity in NFTs, Metaverse, Stablecoins, GameFi, DeFi, and Meme cash. It additionally emphasizes the numerous position of social media influencers in shaping crypto funding choices, with YouTube and Twitter rising as probably the most trusted platforms.

Picture supply: Shutterstock

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