Share this article
FTX Japan Preparing to Allow Withdrawals by Year End: Report
The payment system for withdrawals is still suspended for now.
Updated May 9, 2023, 4:03 a.m. Published Nov 21, 2022, 10:52 a.m.
The Japanese arm of bankrupt crypto exchange FTX is preparing to resume customer withdrawals by the end of the year, according to a report by broadcaster NHK on Monday.
An unnamed executive of exchange said in an interview that withdrawals cannot be resumed immediately because FTX Japan uses the same payment system as its parent company and that system is still suspended.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
He added, though, that FTX Japan is preparing for when withdrawals will be possible. The aim is the end of the year.
FTX Japan had about 19.6 billion yen ($138 million) in deposits as of Nov. 10, according to the interview reported by NHK.
The exchange was ordered by the country's Financial Services Agency to suspend operations on Nov. 10 amid the sudden decline and fall of Sam Bankman-Fried's crypto empire.
FTX filed for bankruptcy in the U.S. on Nov. 11. According to court documents, it owes $3.1 billion to its largest 50 creditors, the biggest claim of which is worth $226 million.
Read more: Understanding the FTX Fallout From the Eyes of a Bitcoiner
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
