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Coincheck Parent Company Breaks Ground With Nasdaq Listing

The Japanese crypto exchange is first to be listed on Nasdaq.

Dec 11, 2024 • 1 min read

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.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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