Kraken Exiting Japan
Cryptocurrency exchange Kraken announced Wednesday that it has decided to “cease its operations in Japan and deregister from the Financial Services Agency (JFSA) as of January 31, 2023.”
The company explained that the decision to exit the Japanese crypto market is part of its “efforts to prioritize resources and investments” in the areas that align with the company’s strategy and “will best position Kraken for long-term success.” The announcement details: