Coinbase stops Japan operations amid trading slump By Cointelegraph |

© Reuters

Despite (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase (NASDAQ:) cryptocurrency exchange to close operations in Japan.

Coinbase officially announced on Jan. 18 that the firm would terminate operations in Japan and conduct a complete review of its business in the country due to market conditions.