Coincheck Dominates Japan’s Bitcoin Spot Trading in 2024

• Coincheck leads Japan in Bitcoin spot trading volume for the second half of 2024, driven by expanded cryptocurrency offerings and enhanced trading functions.
• The platform has introduced key security measures and a zero-fee structure, reinforcing its dominance in the Japanese crypto market.

Coincheck, a leading cryptocurrency exchange in Japan, emerged as the top platform for Bitcoin spot trading volume during the latter half of 2024, according to an official announcement made on January 21, 2025.

This achievement underscores Coincheck’s pivotal role in the Japanese crypto-asset market, reflecting both the growing popularity of Bitcoin and the platform’s user-centric advancements.

Driving Factors Behind Coincheck’s Success

Coincheck’s dominance in Bitcoin spot trading can be attributed to two major developments: an increase in the number of cryptocurrencies offered and significant enhancements to its trading features.

The exchange, which functions as a user-to-user trading platform rather than a direct vendor, has consistently expanded its currency offerings. By the end of 2024, Coincheck managed 20 cryptocurrencies, including popular tokens like Ripple (XRP), Ethereum (ETH), and Dogecoin (DOGE).

Recent additions such as Avalanche (AVAX), Bitcoin Cash (BCH), and Chiliz (CHZ) further diversified its portfolio.

In addition to broadening its asset offerings, Coincheck strengthened its trading functionality. In November 2024, the platform introduced measures to prevent counter-trading—a practice where fraudulent transactions can harm market health.

This move, alongside the integration of safeguards like price caps and circuit breakers, ensures a secure trading environment, particularly during volatile market conditions.

User-Focused Innovations and Competitive Fees

Coincheck’s appeal lies in its competitive fee structure. For major cryptocurrencies such as Bitcoin (BTC) and Dogecoin (DOGE), users enjoy zero transaction fees, a significant advantage in a cost-sensitive market.

This fee model complements the platform’s browser-based trading services, catering to both new and experienced traders.

The exchange also prioritizes market integrity and investor security. For example, Coincheck implemented risk mitigation features during the launch of Dogecoin trading in January 2025, helping users navigate potential price fluctuations with confidence.

Founded in 2012, Coincheck holds an official license from Japan’s Financial Services Agency and operates under the umbrella of the Monex Group, a publicly traded company on the Tokyo Stock Exchange Prime Market.

The platform’s robust security infrastructure and commitment to transparency have solidified its position as a trusted exchange.

In December 2024, Coincheck’s parent company, Coincheck Group NV, further cemented its global presence by listing on NASDAQ. With over 7 million app downloads and a six-year streak as Japan’s leading crypto trading app, Coincheck continues to shape the future of cryptocurrency trading in Japan.

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