CoinDesk·3 min read·medium
Bitget set to exit Japan, close all remaining positions by year-end
O
Olivier Acuna
✦AI Summary
Crypto exchange Bitget is exiting the Japanese market following new regulatory requirements that classify cryptocurrencies as financial instruments. The company will close all Japanese user positions by the end of the year.
The crypto exchange, ranked fifth by Coingecko with trading volume of roughly $714.7 million over the past 24 hours, stopped accepting new registrations from Japanese residents on Sunday, according to a Monday announcement .
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