Coinbase Is Halting Japanese Operations Due to Market Conditions. The Stock Falls.

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Cryptocurrency broker


Coinbase Global


said Wednesday that it was halting operations in Japan due to market conditions as it completes a review of its business in the world’s third-largest economy.

Shares in


Coinbase


(ticker: COIN) are down 75% over the past year. They often move in tandem with the price of Bitcoin, which was flat Wednesday after days of eye-popping gains.