Japanese financial services Agency (FSA) published its first statistics on domestic cryptocurrency market.
According to data collected from 17 of cryptocurrency exchanges and exchange offices in Japan, as of March 31 of this year, there are at least 3.5 million people who are engaged in cryptocurrency trading.
This is mainly people aged 20 to 40 years, which accounted for 84% of all cryptocurrency investors in the country.
The ad hoc group to study the cryptocurrency market were created under the FSA in early March and the report is one of the first results of its activities.
According to the FSA, the study of statistics and the nature of the internal cryptocurrency trading is the first step towards consideration of a broader range of issues associated with institutional trading cryptocurrencies.
For comparison, the FSA has also published a number of traders engaged in margin trading, and futures trading based on cryptocurrency. As at the end of last month the number is 142,842.
Particularly noteworthy is the dynamics of growth annual trading volume on these types of investments.
According to the FSA, the annual trading volume of bitcoin has increased from 22 million US dollars as at 31 March 2014 to 97 billion US dollars in 2017.
At the same time, margin trading and futures trading based on bitcoin rose to a whopping 543 billion US dollars. In 2014, the trading volume of this type amounted to only $ 2 million.