#COINCHECK REVIEW SERIES#

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#COINCHECK REVIEW SERIES#

remains financially sustainable by participating in a series Independent review site dedicated to providing accurate information about various financial andīusiness-related offers. It is also a sign that the Japanese crypto sector is maturing and becoming more institutionalized.Īdvertiser Disclosure: is an It offers trading in a wide range of cryptocurrencies, including Bitcoin, Ether, Ripple, and Litecoin, and also has an OTC desk for large trades.Ĭoincheck's decision to go public in the US is a major vote of confidence for the crypto industry.

The exchange has been growing steadily since then and now has around 1.5 million verified customers, which accounts for about 28% of the total number of crypto users in Japan.Īccording to CoinGecko, Coincheck has a 24-hour trading volume of over $86 million. Later that year, it was acquired by Monex Group, one of Japan's largest online brokerages, for around $34 million. The exchange has been through a lot, including a hack in 2018 that saw it lose over $500 million in customer funds. It was founded in 2012 and has been a major player in the Japanese crypto market ever since. The move is another sign that the mainstream financial sector is embracing cryptocurrency.Ĭoincheck is one of the oldest and most well-known cryptocurrency exchanges. This is a significant milestone not only for the company but also for the crypto industry as a whole.

The merger will help Coincheck expand its business both in Japan and globally and provide more comprehensive services to its users.Ĭoincheck's parent company, Monex Group, will remain a shareholder after the merger, with about 82% of the combined entity.Ĭoincheck will become the first Japanese cryptocurrency exchange to be listed on a major US stock exchange. The deal is valued at approximately $1.25 billion and is expected to close in the second half of 2022. It will merge with special purpose acquisition company Thunder Bridge Capital Partners and list on the Nasdaq stock exchange once the transaction is closed. Coincheck, one of the leading Japanese cryptocurrency exchanges, announced plans to go public in the United States.

Coincheck review