Kraken exits the Japanese market

Cryptocurrency exchange Kraken announced on the suspension of its activities in Japan from January 31, 2023 and deregistration with the FSA.

Kraken clarified that the decision will not have an impact on the rest of the business. The exchange is fully secured and has sufficient liquidity.

Japanese clients were offered to withdraw cryptocurrencies to external wallets or liquidate a portfolio to transfer fiat to bank accounts.

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