Recent Industry Trends | Daisuke Hakkaku, COO of OKCoinJapan

Focus on Professional and Corporate Users

OKJ has become a popular platform for professional and corporate users due to its strong focus on meeting the needs of order execution, especially for those sensitive to execution costs. A notable characteristic of OKJ is its emphasis on order book trading. To support arbitrage traders and others, we have introduced a negative fee campaign for certain tokens starting last month, rewarding makers who contribute to liquidity. We encourage you to take advantage of this program.

Additionally, demand for OTC (over-the-counter) trading has been increasing recently. This trend likely stems from the growing number of entry-level users and the emphasis on execution speed. To address these needs, OKJ has enhanced its trading services by offering highly competitive spreads that have been well-received.

In terms of domestic trading activity, Bitcoin (BTC), Ethereum (ETH), and XRP still dominate the market. However, we believe there is significant potential for growth in altcoin trading volumes, and we are committed to creating a market environment that is accessible to all users.

Industry Trends

For Japan to re-emerge as a leader in the Web3.0 space, strengthening the services offered by crypto exchanges is essential. However, in the context of mass adoption, it is equally important to develop regulations and a grand design that invite participation. A recent example is the tax reform allowing third-party-held cryptocurrencies to be exempt from end-of-year market valuation taxes under certain conditions. Due to high demand and inquiries, we’ve held seminars for tax professionals and corporate users to promote awareness and education about these changes.

Furthermore, there have been reports on reassessing the structure of cryptocurrencies and proposals for the establishment of cryptocurrency ETFs in Japan, highlighting deeper discussions on the "investment" aspect of crypto utilization. OKJ is committed to keeping pace with these trends while exploring unique value propositions we can offer to the market.

The Rise of DePIN (Decentralized Physical Infrastructure Networks)

DePIN has emerged as a key focus area within the Web3.0 industry. According to crypto analytics firm Messari, the market cap of DePIN projects has reached $20 billion, growing by over 400% year-on-year. DePIN projects aim to address social challenges by building decentralized physical infrastructure networks using blockchain technology.

One example is "PicTree," a participatory social contribution game by Digital Entertainment Asset Pte. Ltd. Players participate in maintenance activities by photographing utility poles or other infrastructure assets, earning DEP tokens as rewards. These activities contribute to accident prevention and other societal benefits.

Such initiatives demonstrate the potential of Web3.0 to address societal issues in practical, everyday contexts. Similar projects related to social infrastructure are also emerging. OKJ is committed to supporting these efforts, recognizing their significant potential to contribute to the mass adoption of Web3.0 technologies.

https://www.okcoin.jp

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