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Monex Group, the parent company of Japanese crypto exchange Coincheck, has made history by becoming the first Japanese crypto exchange operator listed on Nasdaq.
What's the Scoop?
- Coincheck is among Japan’s top crypto exchanges, serving 1.75 million verified users. The platform has a 25% market share in Japan and offers trading in 18 cryptocurrencies.
- Japan's strict regulatory framework has bolstered Coincheck's reputation as a compliant and secure exchange.
- Monex Group secured its Nasdaq debut through a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV.
Bankless Take:
This Nasdaq listing is a landmark for both Monex and the Japanese crypto industry, highlighting how compliance and innovation can align to open doors in global finance. Coincheck’s move could encourage other exchanges in regulated markets to pursue similar paths, paving the way for broader crypto adoption. It’s also a win for SPACs as a bridge between crypto firms and traditional capital markets.
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