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Japan’s top brokers compete with crypto-native exchanges for market share

Published 01/26/2021, 01:12 AM
Updated 01/26/2021, 03:00 AM
Japan’s top brokers compete with crypto-native exchanges for market share

According to research by Messari, the top three online brokerage firms in Japan are experiencing surging revenue from their cryptocurrency exchange services.

In its Asian Crypto Landscape report, Messari noted the operating revenue and net worth of exchange platforms operated by Japan’s top securities brokers is quickly catching up to that of their crypto-native rivals.

Comparison of net worth and operating revenue between exchanges operated by crypto-native firms versus online securities brokers in Japan, August 2020: Messari

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