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Coinbase to Cut Jobs, Shut Down Most of its Cryptocurrency Operations in Japan

Coinbase Global Inc., the world’s second-largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan, according to a Bloomberg report that cited the exchange’s vice president for international and business development, Nana Murugesan. “We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity,” Murugesan said in an interview with Bloomberg. He declined to comment on whether the Japan unit was up for sale. (forkast)

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