Coinbase will stop serving Japanese traders

The Coinbae exchange officially announced that it will soon cease operations in Japan. The company attributes its decision to the difficult market situation.
Recall that in early November, Coinbase CEO Brian Armstrong announced a new wave of layoffs as part of business optimization. Another 20 employees will leave the team.
Customers of Coinbase Japan must withdraw all of their funds from the exchange within a month. After February 17, the administration of the trading platform will automatically convert all digital and fiat currencies in accounts into Japanese yen.

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