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Japanese Binary Options Volumes Record Hike in January
Starting the year off on the right foot, the Binary Options industry shows signs of life in Japan.
With the release of Japan’s January volumes of the Binary Options market, it is evident that the industry still has some fight left.
The Financial Futures Association of Japan (FFAJ) released January volumes for the questionable financial product, and the numbers show the market could be on the rise in Japan.
Monthly volumes during January reached $432.38 million (over 46 billion JPY), an increase of 34.7% from December 2020. Comparatively, January volumes improved by 9.77% YoY, from levels of just under $393.87 million (just under 42 billion JPY) during January of last year.
Last year was a very up and down year for Binary Options in Japan. It seemed that there was no clear trend for volumes, as each month would bring unpredictable market participation levels.
For instance, June volumes showed regression, while just two months later in August, volumes were once again on the rise, positing numbers that were indicative of growth.
Meanwhile, the number of active account has also increased from December. January saw 10,677 active accounts, up 9.3% from December when there were just 9,770 active trading accounts.
While the numbers at first appear to indicate a solid bump, there are still fewer active accounts when compared with January 2020, when there were 11,978 active trading accounts.
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Binary Options Regulation
In general, the Binary Options industry has been on a tumultuous ride over the past few years. With global regulators clamping down across many geographic markets, with varying levels of regulations in place, market participants have had a very difficult time gaining traction, in the once blooming sector.
There have been numerous regulatory authorities that have stepped up to ban, hinder, or influence the functionality of the market in recent years.
The legitimacy of the industry has been called into question, as a result of high losses accumulated by traders, as well as many scam brokers that have contributed to a very poor reputation for Binary Options.
Regulators from some of the largest financial markets, including the FCA, ASIC, CySEC, and others have all coordinated some level of curbing the growth for the industry.
However, there are legitimate companies that provide investors with a legitimate trading platform and opportunity, by adhering to regulations and inducing a fair marketplace for Binary Options trading. Japan is one of these markets, and it is evident that the industry has yet to vanish in the region.
Is Crypto Regression a Contributing Factor?
The improving numbers could be an indication that the extremely bearish January incurred in the cryptocurrency market has impacted investors’ preferences for investment avenues.
The decline of many virtual coins led to a mass exodus of funds from the crypto market, and this could be one alternative selected by traders.
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The Financial Futures Association of Japan (FFAJ) has published a report announcing the official figures of the last month of January for its over-the-counter binary options. It showed an excellent elevation point for Japanese binary options industry that gone back to the strong trading volumes of January 2020.
Looking at the graph below, one can see from the statistics data that in the beginning of 2020 Japanese binary options market maintained the positive trends of 2020 and it kept the up and down trend that started at the end of last year. In 2020, November was a volatile trading month that reflected turbulent events around the world.
Making conclusion from these figures, the FFA had its total trading volume result in $369.8 million this January, which is an increase of 2% since December 2020. But overall, since the same time last year the decrease is about 33% which is rather a lot. But the figures are showing steady growth and there’s a hope of them reaching that high number again very soon.
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7 Binary Options
Earlier this month, The Financial Futures Association of Japan (FFAJ) has released official figures that give us a glance on how the Japanese binary options industry is progressing. Good news is that it enjoyed a stable growth over the past few months. The trading volumes maintained the high level of late 2020 and show promising results for the future development.
So let’s take a look at those figures and see for ourselves where FFAJ stands.
As you can see on the graph FFAJ has presented, 2020 was a turbulent year for binary options trading in Japan (as well as around the world). June and November turned out to be the most volatile months, probably reflecting the events in world politics that touched every aspect of the financial industry.
Starting from the end of 2020, the trading volumes enjoyed a stable growth which continued in the beginning of 2020. The FFAJ total monthly binary options trading volume came in at $369.8 million in January 2020, which is an increase of 2% from $362.2 million in December 2020. However, comparing to January 2020 it is down with about 33% from $537.8 million. But positive trends in the beginning of this year give us quite substantial hope of FFAJ catching up soon.
We’ll make sure to follow their updates throughout 2020 and keep our readers updated.
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