Osaka Exchange Considers Listing Cryptocurrency Derivatives and Launching Cryptocurrency ETF
Japan’s largest derivatives exchange, Osaka Exchange (OSE), is considering adding cryptocurrency derivatives to its trading list, while also looking to launch cryptocurrency ETFs under the Japan Exchange Group (JPX).
(Background: Credit card points can be exchanged for Bitcoin and Ethereum! Japanese financial giant SBI redefines the entry point for cryptocurrency.)
(Supplementary Background: Exclusive Interview with Metaplanet CEO: From Japanese hotels to “Asian Microstrategy,” the strategy behind the stock surge in Bitcoin.)
Osaka Exchange’s Plans for Cryptocurrency Products
Osaka Exchange (OSE) is contemplating the inclusion of cryptocurrency derivatives in its trading lineup. According to a report by Bloomberg, OSE President Ryuusei Yokoyama revealed in an interview that the exchange plans to consider the listing of futures and options related to cryptocurrencies:
“Cryptocurrency-related products are among the possible candidates. As part of our preparatory work, we will thoroughly examine various overseas regulations and conduct research to determine their suitability for Japan. At the same time, we will closely monitor the actions of the Financial Services Agency.”
Regulatory Clarity Promotes Cryptocurrency Product Listings
Bloomberg pointed out that as the U.S. regulatory environment for cryptocurrencies becomes more favorable, Trump formally signed the first stablecoin legislation, the “Genius Act,” this month, signaling increasingly positive developments for the cryptocurrency industry.
Against this backdrop, Japan’s financial regulatory authorities have begun reviewing regulations concerning crypto assets. The Financial System Council has also established a working group specifically to study new systems with the aim of incorporating them into the Financial Instruments and Exchange Act (FIEA). In this context, the Japan Exchange Group (JPX) has already described crypto assets as “a new asset class demanded by the times” in its mid-term plan.
Furthermore, Ryuusei Yokoyama, who also serves as the CEO of the Japan Exchange Group (JPX), disclosed that JPX will also consider exchange-traded funds (ETFs) related to cryptocurrencies. However, since the Osaka Exchange primarily handles derivative products, if ETFs are launched, they will be listed on the Tokyo Stock Exchange.
The Confidence of Derivatives Leader
Osaka Exchange is the largest derivatives exchange in Japan and is part of the Japan Exchange Group (JPX). As JPX’s dedicated platform for derivatives, Osaka Exchange ranks first in Japan in the fields of index futures, government bond futures, and options. According to data published by JPX, the total trading volume of OSE derivatives reached approximately 31.76 million contracts with a trading value of 358 trillion yen in June 2025; in the first half of this year, it exceeded 215 million contracts and 1,837 trillion yen. The massive liquidity allows investors to be less concerned about the depth and efficiency of new products.
If cryptocurrency futures and options are introduced, fund managers can use OSE’s clearing system to hedge their spot positions; arbitrage traders will also be able to preemptively position across market spreads in both Japan and the U.S.
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