Crypto exchange Kraken to shutter its Japan operations immediately after world layoffs

Crypto exchange Kraken to shutter its Japan operations immediately after world layoffs


Important Factors
  • Crypto exchange Kraken mentioned Wednesday that it will prevent operations in Japan future thirty day period, blaming a “weak crypto market globally.”
  • The firm will deregister from Japan’s Money Expert services Company on Jan. 31, 2023.
  • Kraken has been in cost-cutting mode currently.
  • On Nov. 30, the company slashed 1,100 careers, or 30% of its workforce.



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