Coinbase is laying off Japanese employees and will gradually close most of its operations in Japan

According to Bloomberg News, the person in charge of Coinbase Japan said that it is currently laying off Japanese employees, but did not specify the number of layoffs. The person in charge said that it is working closely with Japanese regulators to provide a comprehensive transition plan for affected employees. In addition, according to Jinten Data, Nana Murugesan, Vice President of Business Development and International at Coinbase, said that Coinbase is gradually closing down most of its business in Japan, and is making appropriate adjustments to its local investment strategy, and is still committed to global expansion.