Coinbase to Close Most of Japan Operations

Coinbase is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector.

"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," Nana Murugesan, vice president for business development and international, said in an interview Wednesday. He said Coinbase won’t comment on potential merger and acquisition activity when asked if the Japan unit could be sold.