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Coinbase to Exit Japanese Market After Kraken

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Amid a series of job cuts, Coinbase has decided to leave Japan.

Crypto exchange giant Coinbase becomes the latest firm to stop operations in Japan, citing unfavorable market conditions.

“Due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country. However, we are committed to making this transition as smooth as possible for our valued customers.” Coinbase further stressed that users who do not take action before the withdrawal deadline will liaise with the Legal Affairs Bureau to reclaim their JPY.

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