Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market – Exchanges Bitcoin News

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Crypto exchange Kraken is shutting down in Japan citing current Japanese market conditions and a weak global crypto market. cryptocurrency

Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time.Cryptocurrency exchange Kraken announced Wednesday that it has decided to “cease its operations in Japan and deregister from the Financial Services Agency as of January 31, 2023.

Current market conditions in Japan in combination with a weak crypto market globally mean the resources needed to further grow our business in Japan aren’t justified at this time. All affected clients have until Jan. 31 to withdraw their fiat and crypto holdings, the announcement adds, noting that deposit functionality will be removed on Jan. 9. Kraken also assured customers that it is “fully funded to ensure all affected clients can withdraw their assets in a timely manner.”

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Karken blaming a “weak crypto market globally.” The company will de-register from Japan's Financial Services Agency on Jan. 31, 2023.

So where is the Kraken FUD? Do it like how the did Binance.

They will be back in Japan in the next bull market.

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Kraken quits Japan for second time blaming a ‘weak crypto market’Kraken said it could not justify deploying the resources needed to further grow its business in Japan and it will pull out of the market in January. It's the second time Kraken has shut up shop in Japan. THE BEST TRADING PLATFORM IS HERE AGAIN. LEARN HOW TO TRADE, BUILD YOUR PORTFOLIO WITH OUR ACCURATE SIGNAL .😍 (ATLEAST 3-4 PROFITABLY SIGNALS DAILY 🤑🤑. TO JOIN; HIT OUR TELEGRAM PLATFORM AND START EARNING 👇👇👇👇👇👇👇 Not surprised. The liquidity and spread on kraken is quite bad. Kraken app is amazing, but that's about it. يمكنك كسب ما يصل إلى 100٪ -500٪ عوائد يومية من التداول الفوري والعقود الآجلة من خلال إشاراتنا المربحة اليومية. ترغب في الانضمام إلى قناتنا المجانية على Telegram ، انقر فوق الرابط
Source: Cointelegraph - 🏆 562. / 51 Read more »

Kraken quits Japan for the second time, blaming a ‘weak crypto market’Cryptocurrency exchange Kraken, via its subsidiary Payward Asia, has decided to pull out of the Japanese crypto market once again, citing a “weak crypto market.” But us giant I didn't even know they came back lol. Japan has more than enough centralized exchanges with high volume anyway.
Source: Cointelegraph - 🏆 562. / 51 Read more »