FTX Japan Resumes Withdrawals After Nov. Halt: Here’s What You Need To Know

• FTX Japan announced that customers can now withdraw their assets from February 21, 2023.
• The withdrawals will be processed through the Japanese crypto exchange Liquid.
• Other services on the platform are expected to resume soon.

FTX Japan Resumes Withdrawals

FTX Japan, the Japanese arm of the bankrupt crypto exchange, has announced that it will resume its withdrawal function for customers as of February 21, 2023. The announcement was made via a press release on Monday (Feb. 20, 2023).

Processing Through Liquid Exchange

The platform stated that both fiat and crypto asset withdrawals can be processed through the Japanese crypto exchange Liquid. Customers who do not have an account with Liquid Japan must open one before moving their funds.

Notification Process

FTX Japan further said it has already notified eligible customers about the procedures for withdrawals but warned that processing times may take longer due to the large volume of requests being made by users.

Directive From FSA

The latest development comes after the Japanese subsidiary halted withdrawals in Nov. 2022 following a directive from Japan’s Financial Services Agency (FSA). Since then, FTX Japan has been making efforts to restore services for its customers.

Other Services To Resume Soon

Other services on FTX Japan are expected to resume soon according to Monday’s press release.