E-commerce giant DMM quits cryptocurrency mining business

posted 6 months ago
Japanese e-commerce giant DMM.com is reportedly in the process of winding down its cryptocurrency mining business, less than a year after it set up the operation.

DMM made the decision to withdraw from mining in September 2018 as the overall cryptocurrency market slump led to deteriorating profitability for the business. On a related note, crypto exchange DMM Bitcoin is one of the 16 licensed trading platforms in Japan.
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