Japan Cryptocurrency Market Expected to Reach USD 7.1 Billion by 2033 - IMARC Group

February 07, 2025 | BFSI

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Japan Cryptocurrency Market Statistics, Outlook and Regional Analysis 2025-2033

The Japan cryptocurrency market size was valued at USD 1.4 Billion in 2024, and it is expected to reach USD 7.1 Billion by 2033, exhibiting a growth rate (CAGR) of 17.38% from 2025 to 2033.

Japan Cryptocurrency Market

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The market in the country is propelled by the elevating requirement for securing financial transactions. This form of currency functions independently of a central bank and is based on blockchain technology, which is escalating its usage in the nation. For instance, Japan’s top financial regulator, the Financial Services Agency (FSA), in December 2024, announced plans to redefine cryptocurrency assets like bitcoin as financial assets in its tax reform proposals for fiscal year 2025. It would shift crypto from its current category as payment instruments to something more in line with traditional investments.

Besides this, some distinguished features of cryptocurrencies include the elimination of intermediaries, fast and low-cost international transactions, the potential for creating decentralized applications (DApps) and smart contracts, etc., thereby encouraging regulatory authorities to promote its adoption. For example, in November 2024, Japanese cryptocurrency exchange Bitbank introduced a new business unit to drive innovation in the crypto and blockchain space. The new venture capital firm aimed to invest in and support original projects in digital assets, blockchain, and artificial intelligence to support international growth across the nation. Moreover, cryptocurrencies have gained immense traction in recent years, with bitcoin being the most well-known example, and they continue to shape the landscape of finance and digital economies. For instance, Japanese tech giant Sony is gearing up to run a crypto exchange business via WhaleFin, which it acquired in August 2023. It planned to restart the exchange by launching a new app dedicated to crypto exchange and trading services.

Japan Cryptocurrency Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include the Kanto region, Kinki region, Central/ Chubu region, Kyushu-Okinawa region, Tohoku region, Chugoku region, Hokkaido region, and Shikoku region. The widespread acceptance of digital assets and the tech-savvy culture are catalyzing the cryptocurrency market in Japan.

Kanto Region Cryptocurrency Market Trends:

The escalating emphasis on blockchain and crypto innovation in the Kanto region is a significant factor for the cryptocurrency market in Japan. Moreover, government initiatives to promote cashless transactions are fueling the growth of crypto across the country. Apart from this, the Kanto Regional Financial Bureau aids in business improvement plans. For instance, in June 2024, the authority mentioned above suspended a cryptocurrency exchange provider, CoinBest, for enhancing its plan of action.

Kinki Region Cryptocurrency Market Trends:

The rapid evolution of cryptocurrency in Kinki is driving this sector through enhanced security, accessibility, and functionality. The emergence of sophisticated payment infrastructure tokens in the region is enabling near-instant and bilateral transactions across currencies with significantly lower fees than traditional banking systems.

Central/Chubu Region Cryptocurrency Market Trends:

The expansion of crypto exchange platforms has created a more liquid and efficient market environment in the Central/Chubu region. The introduction of crypto wallet solutions and storage infrastructure has made cryptocurrency ownership more accessible and secure for retail and institutional investors in the region. Monacoin, which is considered one of the first cryptocurrencies in Japan, has a wide presence in the Central/Chubu region.

Kyushu-Okinawa Region Cryptocurrency Market Trends:

Favorable economic conditions in the Kyushu-Okinawa region, along with a growing public interest in digital currency, are positively impacting the Japanese cryptocurrency market. Moreover, the Japanese Financial Services Agency (FSA) has implemented strict rules and regulations for cryptocurrency exchanges, enhancing security and consumer protection.

Tohoku Region Cryptocurrency Market Trends:

Cryptocurrency has been widely integrated into several sectors in Tohoku, including retail and financial services. As a nation recognized for its technological innovation, the region has a substantial number of tech-savvy individuals and businesses eager to embrace new technologies, including blockchain and cryptocurrencies.

Chugoku Cryptocurrency Market Trends:

Crypto is becoming increasingly popular as a form of investment and medium of exchange in the Chugoku region, especially among the younger generation. The Japanese economy, illustrated by its stability and the strength of the currency, presents a favorable environment for cryptocurrency investments in Chugoku.

Hokkaido Region Cryptocurrency Market Trends:

The development of utility tokens and decentralized platforms in the Hokkaido region has extended cryptocurrency applications beyond simple transactions to include data storage, computing power markets, and various other practical use cases. Moreover, platforms, including Symlix, provide traders in Sapporo, Hokkaido, with numerous payment options via a secure and safe marketplace.

Shikoku Region Cryptocurrency Market Trends:

The transformation of conventional financial systems through cryptocurrency adoption in the Shikoku region is creating new opportunities for efficient and inclusive financial services. The introduction of the Shikoku Inu Decentralized Ecosystem (SIDE) assists in investing in blockchain start-ups, thereby augmenting the market.

Top Companies Leading in the Japan Cryptocurrency Industry

There are several companies in the Japan cryptocurrency market. Major corporations in the country have started adopting blockchain technology for various applications, from supply chain management to payment systems, further propelling the market expansion. For example, in December 2024, the Dutch parent company of the Japanese crypto exchange giant, Coincheck, became among the few companies in the industry to list its shares on America’s Nasdaq. The crypto firm sealed an agreement with a blank-check company to debut on the American stock exchange under the ticker symbol ‘CNCK.’

Japan Cryptocurrency Market Segmentation Coverage

Based on the type, the market has been classified into bitcoin, ethereum, bitcoin cash, ripple, litecoin, dashcoin, and others. Bitcoin refers to a virtual currency functioning as a decentralized alternative payment method. Ethereum is an open software platform that enables users to build various applications. Bitcoin Cash focuses on everyday transactions with its larger block size and faster processing capabilities. Ripple is popular in the cross-border payment solutions sector, leveraging its partnerships with financial institutions. Litecoin is a decentralized peer-to-peer cryptocurrency.
Based on the component, the market has been categorized into hardware and software. Hardware components have higher processing speed and reduced power consumption of cryptocurrency. Software components are utilized for managing the massive volume of data.
Based on the process, the market has been divided into mining and transaction. Blockchain transactions are validated and verified as part of the mining process, and mining activities insert new coins into the current supply chain. The transaction process is carried out with the assistance of digitization and automation.
Based on the application, the market has been segmented into trading, remittance, payment, and others. Trading involves speculating on price movements. Remittance refers to the money transfer using cryptocurrency to send money to another person. Cryptocurrency payment is a transaction where a consumer pays for goods or services using digital currency.

Report Features	Details
Market Size in 2024	USD 1.4 Billion
Market Forecast in 2033	USD 7.1 Billion
Market Growth Rate 2025-2033	17.38%
Units	Billion USD
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Component Process Application Region
Types Covered	Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, Others
Components Covered	Hardware, Software
Processes Covered	Mining, Transaction
Applications Covered	Trading, Remittance, Payment, Others
Regions Covered	Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Japan Cryptocurrency Market Expected to Reach USD 7.1 Billion by 2033 - IMARC Group

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