Kraken, one of the world’s largest cryptocurrency exchanges, has reentered the Japanese market after securing regulatory approval from the Financial Services Agency (FSA).
Kraken had exited Japan in 2018 due to stringent regulatory requirements but has now returned with full compliance under Japan’s updated crypto laws.
The exchange plans to offer trading services for popular cryptocurrencies like Bitcoin, Ethereum, and XRP, along with local support and fiat-to-crypto services in Japanese yen.
Kraken’s reentry comes as Japan looks to revitalize its crypto market by providing a clearer regulatory framework and fostering innovation. This move strengthens Kraken’s global presence and gives Japanese users more options for trading and storing digital assets.
