By 2025, the crypto market in Japan will be the fastest-growing in Asia.
By 2025, Japan will have surpassed South Korea, Vietnam, and India as the country with the fastest-growing cryptocurrency market in the Asia-Pacific area.
According to a Chainalysis report, the nation’s on-chain value received increased by 120% for the 12 months that ended in June 2025.
In contrast, Vietnam increased by 55%, South Korea by 100%, India by 99%, and Indonesia by 103%. For Japan, whose digital asset market had been comparatively quiet in prior years, this uptick marks a turning point. The expansion is ascribed by analysts to positive policy changes, the relaxation of stablecoin regulations, and improved infrastructure that facilitates cryptocurrency activity.
Stablecoins and trading appetite drive Japan’s momentum
Stablecoin activities have grown rapidly in Japan, and Circle’s decision to increase USDC accessibility in the nation has been one of the main drivers of this growth. Wider adoption was made possible by regulatory improvements that removed long-standing obstacles to stablecoin listings on regional exchanges.
With XRP topping fiat trading at $21.7 billion in volume, compared to $9.6 billion for Bitcoin and $4 billion for Ethereum, Japanese traders have demonstrated a strong interest in altcoins. This preference shows faith in XRP’s alleged practical usefulness and Ripple’s collaboration with SBI Holdings. All of these changes have made Japan a significant center for the development of digital assets.
India and South Korea continue to play key roles
India and South Korea continue to be significant players in the APAC crypto scene, despite Japan surpassing its peers. High taxes continue to be a barrier, but institutional strength and grassroots efforts, bolstered by India’s growing digital economy, are driving acceptance. The demand for stablecoins is driving South Korea’s growth; in the last year, KRW purchases of stablecoins totaled $59 billion.
However, as use increases, both markets encounter regulatory obstacles. The rising conflict between innovation and compliance is being brought to light by politicians in South Korea who are demanding tighter control of dubious transactions. When taken as a whole, these factors strengthen APAC’s position as the world’s leading crypto adoption region.
We reported that 25 members of the criminal syndicate “Lungo Company,” which is suspected of stealing $15.1 million from 878 Korean victims, have been detained by Thai authorities.
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