FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21

The announcement meets a promise made in December by the ring-fenced exchange.

AccessTimeIconFeb 20, 2023 at 2:04 p.m. UTC
Updated Feb 21, 2023 at 4:05 p.m. UTC
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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

Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.


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