Kraken leaves the Japanese market

FlavienDecember 28, 2022

Less than a minute

While the country is currently taking steps to improve market conditions and regulations for crypto investors and entrepreneurs, centralized exchange Kraken has decided to leave the Japanese market. The decision comes only a month after the exchange laid off 30% of its workforce, citing current market conditions in Japan. According to the official statement, Japanese customers have until the end of January 2023 to withdraw their funds and transfer them to other exchanges or wallets. Kraken had launched in Japan in September 2020.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.