Is Coinbase a Japanese company?

Per the licensing, the entity is a Japanese subsidiary of Coinbase Global. Also, the firm is registered in Japan as a crypto exchange service provider based on the revised Fund Settlement Act. Coinbase opened its first office in Japan in 2018.

What happened to Coinbase?

Coinbase said earlier this month that it was cutting approximately 950 jobs, or 20% of its workforce. Cryptocurrency exchange Coinbase Global Inc on Wednesday said it will halt operations in Japan due to volatile market conditions .

Is Coinbase a US-listed cryptocurrency exchange?

The Financial Services Agency (FSA) of Japan granted a permit to Coinbase, the US-listed cryptocurrency exchange, becoming the first Western firm to receive a license of its kind. The FSA updated its database on crypto exchanges licensed, and according to the guidelines, the company is approved to offer trading services on Bitcoin

What is Coinbase's partnership with Mitsubishi UFJ Financial Group?

Coinbase, for the occasion, also announced a partnership with Mitsubishi UFJ Financial Group (MUFG), one of the largest banks in Japan with 40 million customers.