Kraken plans to stop operating in Japan at the end of January, the cryptocurrency exchange announced on Wednesday. It said it will also deregister there.
, for instance, has fallen over 65%, while Ethereum and Cardano are down over 68% and 80%, respectively. Solana, another cryptocurrency, has dropped over 90%.Kraken went on to say that to help affected clients, it had done away with withdrawal limits for January.
It will also maintain trading functionality in January beyond the date it stops allowing deposits on the platform to facilitate impacted clients either withdrawing their crypto to external wallets or converting their portfolio toThe cryptocurrency exchange said it would convert "any remaining non-JPY fiat and crypto holdings" to Japanese yen after the Jan.
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