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Kraken Quits Japan for the Second Time, Citing a Weak Crypto Market
United States-based cryptocurrency exchange Kraken has announced that it will end its operations in Japan for the second time. It blames its exit on a weak crypto market and the current market conditions in Japan.
Kraken will cease operations in Japan by deregistering from the Japan Financial Services Agency (JFSA) as of January 31st, 2023. The exchange has advised customers to withdraw their fiat and crypto holdings before the date.
As per the announcement, Kraken will shut down the deposit functionality for its Japanese users on Janu
