Cryptocurrency Exchange Kraken Pulls Out of Japan

Kraken, one of the world’s longest-operating cryptocurrency exchanges, will end its trading services for Japanese residents.

The San Francisco-based company cited the rising costs of doing business in Japan for its decision, though it said it may re-enter the country in the future. It tentatively plans to cease all its services, which began in October 2014, by the end of June, it said in an emailed statement.