.krakenfx has allowed Japanese residents to trade $LINK, $BAT and $OMG
Jesse Powell founded Kraken just a month after he visited Tokyo to help the then-dominant Mt. Gox exchange to recover from a hacking incident that occurred in 2011.Kraken opened trading in Japan in September 2014 to fill the vacuum left by the fallen giant.
The exchange then suspended its services in Japan in April 2018 in the aftermath of the $500 million Coincheck heist that resulted in greater regulatory scrutiny. In October 2020, Kraken relaunched its services in the country, initially allowing Japanese residents to trade five cryptocurrencies .In August, the Financial Services Agency , Japan’s main financial regulator, set up a panel of financial experts to develop a stricter regulatory framework for the cryptocurrency industry that is expected to be revealed later this year.