FTX Japan resumes yen withdrawal services, currently supporting the closing or reduction of derivative positions

ChainCatcher news, FTX Japan has announced that it has resumed yen withdrawal services. FTX Japan only supports customers in closing or reducing derivative positions, but new positions cannot be opened. In addition, spot trading and selling functions are currently unavailable.

Previously reported, according to a notice issued by the Financial Services Agency of Japan, the Kanto Local Finance Bureau has ordered FTX Japan to suspend operations and urged FTX Japan to submit a written business improvement plan by November 16, 2022. In response, FTX stated that it is following JFSA guidance, and FTX Japan has now entered a liquidation-only mode. FTX Japan is an independent entity that strictly adheres to Japan's asset segregation regulations. (source link)