Capital flight brewing... same here in the Eurozone. They really messed it up. Too much public debt to be inflated away easily
reply
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 .
reply
Exactly, smells like new Japanese crypto regulation crackdown incoming.
reply
Agreed. Weird to see two exchanges exchanges exiting near simultaneously ... unless demand is just abnormally low in Japan for some reason.
reply
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.
reply
Multi national exchanges might not be making much money anymore? And each country supported carries a burden from aml, to bank connections to customer support. Maybe they just can't compete with the local exchanges. If there are any
reply