Kraken’s currency exchange “turns off” its operations in Japan

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The Kraken Currency Exchange announced that it has ceased operations in Japan. The main reason, according to the company’s representatives, is the increased spending on doing business in the country.

It became known that crypto-exchange will completely stop providing its services to Japanese users until the end of June this year. But the company’s management does not burn bridges, saying that if the current situation in the country changes in the future, Kraken may return.

“Termination of activities in Japan will allow us to focus on improving work in other regions. We emphasize that this measure applies only to residents of Japan and does not affect Japanese citizens or companies outside the country, “Kraken specified.

The Exchange provides its services in Japan from 2014 and is among the top ten exchanges in terms of trading volume.

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