
HitBTC stops operations in Japan
HitBTC, a Hong Kong based cryptocurrency exchange, will no longer be offering its services to people in Japan.
HitBTC, a Hong Kong based cryptocurrency exchange, will no longer be offering its services to people in Japan.
Several exchanges are being targeted by New York Attorney General Eric Schneiderman in a new inquiry, a move that Kraken co-founder Jesse Powell described as “insulting.”
Kraken is shutting down “all of its services” in Japan by June, leaving only a matter of weeks before the company ceases to operate within the Japanese market.
While there has been a pullback in the past couple of weeks, cryptocurrencies will soon witness another growth spurt.
The exchange is also imposing zero fees on trading until January 31.
Coinbase reported a staggering 100,000 signups within 24 hours in November last year.