Report: Cryptocurrency holders in Japan account for 4% of the total population, with BTC and ETH holding the highest proportion of portfolios

Odaily News MIIX Capital released a research report on the Japanese cryptocurrency market, with the following highlights: -According to estimates by TripleA, there are currently more than 5 million people who own cryptocurrencies, accounting for 4.0% of Japan's total population. In addition, a report released by KuCoin in May 2023 showed that in the past six months, about 3.8 million cryptocurrency investors in Japan owned or invested in digital assets, accounting for about 5% of Japan's adult population. -BTC and ETH remain the favorite crypto assets for Japanese investors, but they have also shown a strong interest in diversifying into multiple fields such as NFT, Metaverse, Stablecoins, Public Chains, DeFi, and Meme Coins. -Japanese men have a higher interest in cryptocurrency investment, with 80% of investors being men and only 20% being female investors. Most of Japan's cryptocurrency investors are 30 years old and above, accounting for 77%. The younger generation aged 18 to 30 only accounts for 23% of Japan's cryptocurrency investors. -BTC and ETH account for the highest proportion of Japanese users' portfolios, covering all age groups. Other popular categories favored by Japanese investors include NFT (27%), Metaverse (24%), Stablecoins (16%) and public chain projects (15%). In addition, GameFi (11%), DeFi (8%), and Meme coins (8%) are gradually becoming investment options for Japanese users. -Most Japanese investors learn about cryptocurrencies through social media and key opinion leaders (KOLs). The social media platforms they trust and use include YouTube (32%), Twitter (23%), Line (15%), Instagram (13%), and TikTok (9%). Data shows that Japanese users do not trust technical social channels such as Discord, Telegram, and Reddit, and they believe that these channels have greater risks. -Regarding the current status of Japanese CEX, Binance Japan is popular for its wide variety of tokens. Bybit meets the preferences of Japanese investors. Coincheck has a user-friendly interface and no transaction fees.