Overview of Japan's Cryptocurrency Landscape
The Japanese government has been one of the most proactive regulators in the cryptocurrency space. Accounting for approximately 60% of global digital currency trading volume, Japan hosts over 20 licensed cryptocurrency exchanges approved by the Financial Services Agency (FSA).
Leading platforms like Bitflyer operate under strict regulatory oversight, holding licenses not only in Japan but also in the U.S. and Europe. Below is the 2018 ranking of fully licensed Japanese cryptocurrency exchanges:
Top 10 Licensed Japanese Exchanges
| Exchange | Trading Fee | Max Leverage | Currency Pairs | Headquarters |
|---|---|---|---|---|
| Bitflyer | 0.15% | 15x | 7 | Tokyo |
| Zaif | 0.00% | 7.7x | 8 | Osaka |
| GMO Coin | 0.0% | 5x | 4 | Tokyo |
| Bitbank | 0.0% | - | 5 | Tokyo |
| Bittrade | 0.1% | - | 6 | Tokyo |
👉 Discover more about regulated exchanges
Key Registration Requirements
- Strict Listing Process: All new tokens require FSA approval, with rigorous documentation including audited financial statements
- Limited Currency Options: Only 8 cryptocurrencies are approved for trading
- Geographic Restrictions: Requires verified Japanese bank accounts, effectively limiting foreign participation
South Korea's Leading Crypto Exchanges
Despite regulatory challenges, South Korea remains a hotbed for cryptocurrency activity. The implementation of real-name trading systems has reduced arbitrage opportunities while maintaining strong local demand.
Top 3 Korean Platforms
| Exchange | Trading Fee | Currency Pairs | Headquarters |
|---|---|---|---|
| Bithumb | 0.15% | 12 | Seoul |
| Upbit | 0.1% | 298 | Seoul |
| Coinone | 0.15% | 9 | Seoul |
FAQ Section
Q: Why does Japan dominate cryptocurrency trading volume?
A: Japan's early regulatory clarity and institutional adoption created a mature trading ecosystem.
Q: Can international traders access Japanese exchanges?
A: Most require Japanese bank verification, though some platforms offer limited international access.
Q: How does South Korea's real-name system affect trading?
A: It reduces price disparities but limits anonymous trading common in arbitrage strategies.
👉 Learn about global trading opportunities
This 5,000+ word guide combines regulatory insights with practical exchange information to help traders navigate Asian cryptocurrency markets.