Crypto exchange Coinbase to halt Japan operations

Crypto exchange Coinbase to halt Japan operations - Check out the story here

Coinbase Global Inc is halting its operations in Japan due to volatile market conditions, the cryptocurrency exchange said on Wednesday

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The cryptocurrency market is going through turbulent times as the plunging value of digital assets amid rising interest rates and the collapse of some of its biggest players

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Coinbase, Crypto.com and Huobi have all announced plans to lay off about 20% of their respective staff

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All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post.

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The company's shares shed about 86% of their value last year, amid a brutal selloff in cryptocurrencies ranging from bitcoin to dogecoin

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Japan is unlikely a material contributor to Coinbase revenue

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