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

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


(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.