FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21
The announcement meets a promise made in December by the ring-fenced exchange.
Feb 20, 2023 at 2:04 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XWAIFJDF7RGRTEMNUY6BFDEHPA.jpg)
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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.
FTX Japan will restart withdrawal services for fiat and crypto assets as of noon local time on Feb. 21, the company said Monday.
The announcement meets a promise made in December by the exchange, whose assets in the country were largely ring-fenced under Japanese law.
“Due to the large number of requests from customers, it may take some time for the withdrawal process to be completed,” the company said in a statement. “We will announce the resumption of other FTX Japan services as soon as possible.”
The Japanese exchange shuttered Nov. 8, a few days before FTX as a whole filed for bankruptcy protection in the U.S. The Japanese unit, alongside FTX Europe, has been earmarked for an early sale as the estate attempts to recoup funds.
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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.
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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.
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