Research Summary
The report provides an in-depth analysis of the growing presence of crypto companies in Japan. It highlights the reasons behind this trend, including favorable exchange rates and low work visa thresholds. The report also details the operations of several large, medium, and small-scale crypto teams in Japan.
Key Takeaways
Japan’s Attractiveness for Crypto Companies
- Japan’s Appeal: Japan has become a popular location for crypto companies due to its favorable exchange rates, low work visa thresholds, and ease of obtaining permanent residency. Cities like Tokyo and Osaka have become financial special zones, attracting many crypto projects and exchanges.
Large-Scale Crypto Teams in Japan
- Major Players: Large-scale crypto teams with hundreds of members, such as Binance, BitFlyer, Coincheck, Bitbank, and SBI Crypto, have established a significant presence in Japan. These companies have made strategic acquisitions and partnerships to strengthen their position in the Japanese market.
Medium-Sized Crypto Teams in Japan
- Significant Contributors: Medium-sized teams like Cardano, Backpack, B2C2, Cointelegraph Japan, MEXC, and Amber Japan have also established operations in Japan. These teams have made significant contributions to the crypto space, including liquidity provision, media coverage, and exchange services.
Small-Scale Crypto Teams in Japan
- Emerging Players: Small teams such as Hashed, Skyland, IVC, Azuki, Mask Network, OneKey, Intmax, Myshell, KEKKAI, TON, Ripple, Animoca Japan, YGG Japan, BYTOM, Aki, MyToken, Gate, OKCoin, and Atomicals Market have also made their mark in Japan. These teams are involved in various aspects of the crypto space, including fund management, blockchain development, and wallet services.
Global Crypto Companies in Japan
- Global Presence: In addition to the above, there are dozens of lesser-known global Crypto companies in Japan, mainly providing offshore operations, development outsourcing, and market connectivity in Japan.
Actionable Insights
- Monitor the Crypto Market in Japan: Given the growing presence of crypto companies in Japan, it would be beneficial to keep a close eye on the developments in this market. This could provide insights into emerging trends and opportunities in the crypto space.
- Research the Potential of Emerging Crypto Teams: The report highlights several small-scale crypto teams that are making their mark in Japan. These teams could present potential opportunities for partnerships or collaborations.
- Understand the Regulatory Environment: The report suggests that Japan’s regulatory environment is favorable for crypto companies. Understanding this environment could be crucial for companies looking to expand into the Japanese market.
