The cryptocurrency market, regardless of the ongoing “mini bull run,” is still a long way from its 2021 levels, with companies laying off staff and some even closing operations. The latest on the list of firms halting services is Coinbase. Per a recently published blog post by Coinbase, the crypto exchange company said it would be closing down its operations in Japan.
The exchange said the halting of operations in Japan has no effect on its other official branches across the globe. Coinbase Japanese customers are to withdraw their crypto and fiat holdings by February 16. The company stated it would conduct a complete review of its business in the country following the market conditions closing in.
