Coinbase Global Inc, a cryptocurrency exchange, announced on Wednesday that it will cease operations in Japan due to volatile market conditions. According to a blog post, all Coinbase Japan customers will have until February 16 to withdraw their fiat and cryptocurrency holdings. Coinbase’s decision comes just a few weeks after rival exchange Kraken announced that it, too, would cease operations in Japan this month. The crypto sector’s woes have continued this year, with falling deposits, layoffs, and numerous legal stumbling blocks.
