Crypto exchange Coinbase says it will halt Japan operations

Several firms have suffered from waning investor appetite for crypto after major exchange FTX blew up in September. Higher interest rates and worries of an economic downturn have also piled pressure on the crypto industry, as investors flee risky assets.

The crypto sector's woes have continued this year, marked by plunging deposits, layoffs and multiple legal hurdles.to lay off about 20% of their respective staff, while a source told Reuters earlier this month that Genesis, too, had cut jobs, equating to 30% of its workforce.Our Standards:

Why is it halting operations?

I don't think the cryptowinter is over.

Please help.

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