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December 11, 2024 9:47 AM
Coincheck Group N.V., a subsidiary of the Monex Group and a leading cryptocurrency exchange in Japan, has officially listed on Nasdaq under the ticker symbol "CNCK." Trading commenced on December 11, marking a significant milestone for the firm’s expansion into the global market.
The listing elevates Coincheck’s profile in the cryptocurrency and financial sectors, giving it access to a broader base of international investors. Monex Group retains approximately 80% ownership of the company, while Coincheck's market valuation is estimated at $1.6 billion, equivalent to 240 billion Japanese yen.
This move underscores Monex Group's commitment to expanding its footprint in the U.S. and enhancing its global operations. The listing could also strengthen Coincheck’s position as a competitive player in the global cryptocurrency exchange market.
Coincheck’s Nasdaq debut signifies growing global recognition of cryptocurrency exchanges and may pave the way for other firms seeking to expand internationally. It also highlights the increasing integration of traditional finance with the crypto industry.
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