Odaily News The Dojima Exchange in Osaka plans to prepare an application for listing and trading of Bitcoin futures by the end of March. If approved by the Financial Services Agency, it will become the first traditional exchange in Asia to offer Bitcoin futures trading, and it may start trading Bitcoin futures denominated in yen as early as fiscal 2025.
The number of active crypto asset accounts in Japan has almost doubled in the past two years, reaching about 7.13 million by the end of December last year. As individual investors participate in crypto asset investment, the market demand for price hedging tools is also growing. If futures and spot trading can produce synergies, the Japanese market will expand and may attract more institutional investors to participate.
Currently, Bitcoin futures are mainly traded on the Chicago Mercantile Exchange (CME) in the United States. If Japan's Dojima Exchange starts offering futures trading, it may become a major price indicator during the Asian trading hours.
SBI Holdings and other companies are investors in the Dojima Exchange. Kitao Yoshitaka, chairman and president of SBI, who is regarded as a promoter of "Web3", has always advocated the development of crypto asset futures trading at the Dojima Exchange and supported the international financial city concept promoted by Osaka Prefecture. (Bloomberg)