{"id":30523,"date":"2020-10-22T16:10:47","date_gmt":"2020-10-22T13:10:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30523"},"modified":"2025-08-27T22:44:23","modified_gmt":"2025-08-27T19:44:23","slug":"kraken-resumes-operations-in-japan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-resumes-operations-in-japan\/","title":{"rendered":"Kraken resumes operations in Japan"},"content":{"rendered":"<p>The Kraken cryptocurrency exchange resumes services for residents of Japan.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udce2 *UPDATE* KRAKEN LAUNCHES FUNDING AND TRADING IN JAPAN<\/p>\n<p>JPY funding and trading in 5 major cryptocurrencies are now available.<\/p>\n<p>\ud83d\udcb0 Bitcoin (XBT)<br \/>\n\ud83d\udcb0 Ethereum (ETH)<br \/>\n\ud83d\udcb0 Ripple (XRP)<br \/>\n\ud83d\udcb0 Bitcoin Cash (BCH)<br \/>\n\ud83d\udcb0 Litecoin (LTC)<\/p>\n<p>Get the full story on our blog\ud83d\udc47<a href=\"https:\/\/t.co\/dopiYuUOM7\">https:\/\/t.co\/dopiYuUOM7<\/a> <a href=\"https:\/\/t.co\/T2hlowu86G\">pic.twitter.com\/T2hlowu86G<\/a><\/p>\n<p>\u2014 Kraken Exchange (@krakenfx) <a href=\"https:\/\/twitter.com\/krakenfx\/status\/1319082134271713280?ref_src=twsrc%5Etfw\">October 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Kraken clients will be able to trade Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin.<\/p>\n<p>To return to the Japanese market, Kraken registered as a provider of cryptocurrency asset exchange services in accordance with local law.<\/p>\n<p>The fiat transactions will be processed by SBI Sumishin Net Bank.<\/p>\n<blockquote>\n<p>\u201cIn challenging economic conditions, many are turning to cryptocurrencies to hedge volatile markets,\u201d said Kraken Chief Operating Officer David Ripley.<\/p>\n<\/blockquote>\n<p>Kraken says that, unlike other crypto companies, it was able to enter the Japanese market directly, without acquiring a locally licensed firm.<\/p>\n<p>The return to Japan is part of a broader plan to expand in the Asia-Pacific region, the company added.<\/p>\n<p>Previously, Kraken operated in Japan from 2014, but left the country in 2018 amid tighter crypto-market oversight following the Coincheck hack.<\/p>\n<p>In September 2020, Kraken <a href=\"https:\/\/u1f987.com\/en\/news\/kraken-becomes-the-first-us-crypto-exchange-to-obtain-spdi-status\">to obtain<\/a> the status of a special-purpose depository institution, endowing it with the functions of a traditional financial institution.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kraken cryptocurrency exchange resumes services for residents of Japan.<\/p>\n","protected":false},"author":1,"featured_media":30524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[135,193],"class_list":["post-30523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-japan","tag-kraken"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30523"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30523\/revisions"}],"predecessor-version":[{"id":30525,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30523\/revisions\/30525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30524"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}