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Kraken, A Cryptocurrency Exchange, Will Cease Operation In Japan
Abstract：Reuters (Reuters) - Kraken, a cryptocurrency exchange located in the United States, said on Wednesday that it would halt operations in Japan.
Kraken, a crypto exchange located in the United States, said on Wednesday that it would halt operations in Japan next month, citing the country's present market circumstances as well as a poor crypto market internationally.
Kraken will deregister from the Financial Services Agency (JFSA) on January 31, at which point customers will be required to remove their fiat and cryptocurrency assets, according to a statement.
Kraken said that it is well financed to guarantee that all concerned customers may withdraw their funds as soon as possible.
Kraken said last month that it will downsize its employment by 30%, or around 1,100 personnel, as market circumstances hampered demand for digital assets.
Bitcoin, the most valuable cryptocurrency, has lost 60% of its value this year, while the whole crypto market has decreased by $1.4 trillion due to the demise of Sam Bankman-FTX Fried's business, Celsius, and alleged'stablecoins' terraUSD and Luna.
About Crypto Exchange Kraken
Kraken is a cryptocurrency exchange that began operations in 2011. It is located in San Francisco, California, and operates in over 100 countries. Kraken is well-known for its security and cheap costs, and it accepts a broad variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more. Users may trade cryptocurrencies on Kraken using a variety of order types, including limit orders and market orders, as well as margin trading, which enables users to borrow cash from the exchange to enhance their purchasing power. Kraken also provides additional services like OTC trading, futures trading, and staking.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Voices of the Golden Insight Award Jury | Kazuaki Takabatake, CCO of Titan FX
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 2h
Garanti BBVA Securities Exposed: Traders Report Unfair Charges & Poor Customer Service
Have you been financially ruined through chargebacks allowed by Garanti BBVA Securities? Do you have to wait for hours to get your queries resolved by the broker’s customer support official? Did the same scenario prevail when you contact the officials in-person? Failed to close your account as Garanti BBVA Securities officials remained unresponsive to your calls? Many have expressed similar concerns while sharing the Garanti BBVA Securities review online. In this article, we have shared some complaints against the broker. Take a look!
Original 20h
In-Depth Review of Stonefort Securities Withdrawals and Funding Methods – What Traders Should Really
For any experienced forex and CFD trader, the mechanics of moving capital are as critical as the trading strategy itself. The efficiency, security, and transparency of a broker's funding procedures form the bedrock of a trustworthy, long-term trading relationship. A broker can offer the tightest spreads and the most advanced platform, but if depositing funds is cumbersome or withdrawing profits is a battle, all other advantages become moot. This review provides a data-driven examination of Stonefort Securities withdrawals and funding methods. We will dissect the available information on payment options, processing times, associated costs, and the real-world user experience. Our analysis is anchored primarily in data from the global broker regulatory inquiry platform, WikiFX, supplemented by a critical look at publicly available information to provide a comprehensive and unbiased perspective for traders evaluating this broker.
Original 21h
MH Markets Deposits and Withdrawals Overview: A Data-Driven Analysis for Traders
For any experienced trader, the integrity of a broker is not just measured by its spreads or platform stability, but by the efficiency and reliability of its financial plumbing. The ability to deposit and, more importantly, withdraw capital without friction is a cornerstone of trust. This review provides an in-depth, data-driven analysis of the MH Markets deposits and withdrawals overview, examining the entire fund management lifecycle—from funding methods and processing speeds to fees and potential obstacles. MH Markets, operating for 5-10 years under the name Mohicans Markets (Ltd), has established a global footprint. With a WikiFX score of 7.08/10, it positions itself as a multi-asset broker offering a range of account types and access to the popular MetaTrader platforms. However, for a discerning trader, the real test lies in the details of its payment systems and the security of their funds. This article dissects the MH Markets funding methods withdrawal experience, leveraging pr
Original 22h
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