Kraken Cease Operations in Japan

April 17, 2018

Increasing of operational costs forced one of the most popular cryptocurrency exchanges in the world Kraken to close their business in the country.

Kraken announced the temporary termination of all services for Japanese residents until July 2018. After that, if the situation will become better, the exchange is ready to return in Japan. Experts believe that this decision can help the exchange on improving services in other countries, and that can make the user experience better. 

At the time of writing, Kraken is on the 19th place in the list of cryptocurrency exchanges by 24 hours trading volumes.

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