News Formal

Coinbase to Exit Japanese Market After Kraken

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase halts operations in Japan citing 'market conditions'Coinbase has withdrawn from Japan amid current market conditions with customers told to withdraw their assets Life
Source: TheBlock__ - 🏆 464. / 53 Read more »

Coinbase says it will halt operations in Japan | CNN BusinessCryptocurrency exchange Coinbase Global Inc on Wednesday said it will halt operations in Japan due to volatile market conditions.
Source: cnni - 🏆 326. / 59 Read more »