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Kraken quits Japan for the second time, blaming a ‘weak crypto market’

Published 12/28/2022, 12:19 AM
Updated 12/28/2022, 02:00 AM

Global cryptocurrency exchange Kraken has decided to pull its operations in Japan for the second time, citing a strain on its resources amid a “weak crypto market.”

In a Dec. 28 blog post, Kraken said it has decided to cease its operations in Japan and deregister from the Financial Services Agency by Jan. 31, 2023, which it said was part of efforts to “prioritize resources” and investments, stating:

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