ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Cryptocurrency Exchange Kraken To Suspend Operations In Japan




The San Francisco-based exchange Kraken has announced that it will indefinitely suspend its services in Japan.

The cryptocurrency exchange Kraken sent an email on April 17 to its Japan-based clients informing them that, starting on a yet-to-be-announced date in June, residents of the country will no longer be allowed to trade digital assets on the platform. Deposits by users who live in Japan will be disabled shortly before that date, and withdrawals shortly thereafter.

While the announcement notes that the suspension of service may not be permanent, it offers no indication as to when the marketplace might again make itself available to customers who reside in the country.

The email, which was reviewed by ETHNews, states that:

"At the present time, it is impractical to continue service for Japan residents. The decision involved careful consideration of revenue against the costs and resources required to maintain service … Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas."

The message does not offer any insight into what these "costs and resources" might be.

In the wake of a January heist to the tune of more than $500 million from the exchange Coincheck, Japan's financial watchdog, the Financial Services Agency (FSA), stepped up efforts to ensure that exchanges operate in compliance with the country's laws.

In April, it ordered two virtual currency marketplaces to suspend operations and issued a "business improvement order" to another. The previous month, it had warned Binance, another exchange, that it had been operating in the country without FSA approval. 

Adam Reese

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam holds value in Ether, Bitcoin, and Monero.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Kraken, Japan or other Ethereum wallets and exchanges news.