JVCEA Domestic Spot Trading Volume Statistical Analysis (2017-2026)
ConfidenceLikelyUpdated2026-08-14Review by2026-11-12Sources1Machine-translatedOriginal (JA)
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This entry sits under exchanges index. Read it against JVCEA: Overview of the Self-Regulatory Framework for peer / contrast context and FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for the broader system / regulatory boundary.
Overview
JVCEA publishes consolidated monthly statistics for its members (Type 1 crypto asset exchange operators), continuously reporting key metrics including spot / leverage / spot holdings / customer account numbers / number of listed tokens. Since the enforcement of the revised Payment Services Act in 2017 , this has served as the sole systematic time-series dataset for the Japanese crypto asset market, referenced by institutional investors, regulators, and media as foundational data.
Key Statistical Indicators (Published Items)
- Monthly Spot Trading Volume (JPY): Combined dealer and exchange figures
- Monthly Leverage Trading Volume (JPY): Crypto asset CFD / derivatives
- Crypto Asset Custody Balance (JPY): End-of-month figure
- Account Count (Individual): Cumulative
- Corporate Account Count: Cumulative (published from 2023)
- Number of Listed Crypto Asset Tokens: Cumulative listed count
Medium-Term Trends
- 2017: Rapid increase in spot trading volume (bubble) · approximately 10x scale over 1 years
- 2018-01: Sharp decline after the Coincheck NEM theft · loss of confidence
- 2020-2021: Recovery driven by DeFi Summer and institutional entry
- 2022-2023: Flat during the crypto winter
- 2024-2026: Renewed rise driven by US Bitcoin ETF approval and institutional entry (year-on-year scale of 5-10x)
Industry Structure
- Dealer > Exchange: Dealer dominance (high spreads) in statistics — estimated 70-80% share. See jp-cex-sales-vs-exchange-model-economics
- High concentration: Top 5 firms (bitFlyer / Coincheck / bitbank / GMO / SBI VC) hold the majority of market share
- Corporate accounts < Individual accounts: Individual-driven · corporate entry lagging (tax barriers)
International Comparison
- Korea Upbit: Single exchange monthly $50-100B (5-10x the scale of Japan overall) — korea-cex-five-pillars-comparison
- US Coinbase: Daily $1-4B (institution-centred) — global-cex-top10-comparison
- Japan has a unique structure where institutional AUM conversion is slow · retail individual-dominant
Cross-links
- jvcea-self-regulatory-overview
- jp-cex-sales-vs-exchange-model-economics
- jp-vasp-incident-history
- jp-vasp-parent-company-map
Note: Specific figures fluctuate significantly over time; refer to the JVCEA official statistics page for the latest values. confidence: possible.
Discovery
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