Agreed. Weird to see two exchanges exchanges exiting near simultaneously ... unless demand is just abnormally low in Japan for some reason.

Exactly, smells like new Japanese crypto regulation crackdown incoming.

satcat

JCB is abandoning the Yen and moving to a Bitcoin standard, resulting in the current pump. 😁 Maybe Coinbase end up holding uncomfortable amounts of Yen.

Lumor

247bf84fda

This explanation doesn't really make sense.

There's a larger piece of the pie for Coinbase with FTX bankrupt and Kraken leaving.  So even with a smaller pie, it would make sense that there's plenty of business for at least one U.S.-based global exchange to remain in Japan.

bitcoin

Crypto exchange Coinbase says it will halt Japan operations

lpop4254

> due to volatile market conditions.

This explanation doesn't really make sense. 

There's a larger piece of the pie for Coinbase with FTX bankrupt and Kraken leaving.  So even with a smaller pie, it would make sense that there's plenty of business for at least one U.S.-based global exchange to remain in Japan. 

Something else is going on .