• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Wednesday, May 7, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

Coinbase Will Cease Its Activities in Japan

Maxwell Williamson by Maxwell Williamson
January 19, 2023
in Crypto
Reading Time: 2 mins read
A A
0
Coinbase Will Cease Its Activities in Japan
0
SHARES
3
VIEWS
FacebookTweetPinShareShare

Coinbase Global Inc., one of the world’s leading cryptocurrency trading platforms, has regrettably announced that it will discontinue operations in Japan due to volatility in market conditions.

A recent blog post details how consumers with cryptocurrencies and funds stored on the Coinbase platform will still be able to use their services until February 16 before terminating. 

Meanwhile, customers are encouraged to adjust their holdings immediately, particularly before this date, without any worries about service interruption. Despite ceasing its services in the country, Coinbase remains committed to providing all other global users with fast and secure digital asset exchanges.

blockdag 70m

Investor Numbers Have Been on the Decline

This decision by Coinbase came a few weeks after another crypto-giant, Kraken, announced that it decided to cease its activities in Japan.

September saw FTX, a leading exchange, blow up, causing several firms to feel the sting of waning investor appetite for crypto. With higher interest rates looming and increased anxiety surrounding an economic downturn, investors have jumped ship from riskier assets, which has had an additional impact on the crypto sector. Accompanying these worries is a worldwide societal pattern of wariness towards crypto investments that simply could not be avoided.

Coinbase, Which Has Recently Gone Downsizing, Laid off About 950 Employees

Coinbase, Which Has Recently Gone Downsizing, Laid off About 950 Employees

Coinbase announced last week that they are cutting approximately 950 jobs as part of their organization restructuring.

The issues in the cryptocurrency market continued during 2022, bringing a decrease in deposits along with numerous layoffs and uncomplimentary legal matters. This has taken its toll on the brand, forcing it to restructure its employees to return to profitability.

Unfortunately, Coinbase is not the only crypto sector organization hard hit by downsizing amidst rough times. Crypto.com and Huobi have both announced intentional layoffs to affect about 20 percent of their respective staff. A trusted source divulged to Reuters earlier this month that Genesis has taken similar measures, even cutting more deeply, equating to 30 percent of its total workforce.

Continue reading content that may be of interest to you: Average Oil Prices Increased by Nearly 40% in 2022

Tags: CoinbasecryptocurrencyJapan
Previous Post

Average Oil Prices Increased by Nearly 40% in 2022

Next Post

Apple Is Not the World’s Most Valuable Brand Anymore

Maxwell Williamson

Maxwell Williamson

I am Maxwell - my friends call me Maxy, graduated from Pomona College in Economics. I have a highly quantitative and analytical background with work experience in corporate finance, valuations, and strategic advisory services. My diverse background has allowed me to gain experiences in various industries geographies and enabled me to acquire an international and comprehensive perspective. Through my experiences in work, school, extracurricular activities, and sports; I gained essential leadership and collaborative skills that helped me to grow strong interpersonal and problem-solving skills. In addition to the analytical areas such as finance and data science, I love being creative and I learned JavaScript to design my own website and some web applications in order to use my deep learning models. Currently, by sharing financial analyzes in different news channels, I guide readers on how to make conscious investment strategies.

Next Post
Apple Is Not the World’s Most Valuable Brand Anymore

Apple Is Not the World’s Most Valuable Brand Anymore

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.