Crypto exchange Coinbase has announced it will close its operations in Japan, citing unstable “market conditions” in a blog post on Wednesday.
Crypto exchange Coinbase COIN has announced it will cease operations in Japan, citing unstable “market conditions” in a blog post on Wednesday.
“Due... Crypto exchange Coinbase COIN has announced it will cease operations in Japan, citing unstable “market conditions” in a blog post on Wednesday. “Due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country. However, we are committed to making this transition as smooth as possible for our valued customers,” the company said.
Last week, Coinbase CEO Brian Armstrong said 10% of the company’s workforce would be cut “to ensure we have the appropriate operational efficiency to weather downturns in the crypto market.”
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