Kraken exchange ceases operations in Japan In a message to u | ERC20 Official Crypto channel

Kraken exchange ceases operations in Japan

In a message to users, the Kraken team stated that it has decided to cease operations in Japan as of January 31, 2023. The decision is part of Kraken's global strategy to prioritize resource investment where it is best suited for the exchange's long-term success.

“After considering the current situation around the Japanese market and the weakness of the global cryptocurrency market, we concluded that it will be difficult for Kraken to invest the necessary resources to further develop its business in Japan. Kraken will no longer serve Japanese customers,” the exchange said in a statement.