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Crypto Reporter

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Monex Group acquires cryptocurrency exchange Coincheck

April 9, 2018 By Crypto Reporter

Tokyo-based financial services company Monex Group announced that it would acquire 100% of shares in Japanese cryptocurrency exchange Coincheck valued at 3.6 billion yen (about $34 million). The deal is scheduled to be executed on April 16, 2018.

“We recognize blockchain technology and cryptocurrencies as next-generation technologies and platforms which are likely to drastically change the way people approach money. Therefore, … we have considered entering the cryptocurrency exchange business and … resolved on 100% share acquisition of Coincheck who has been a pioneer among cryptocurrency exchangers,” said Monex in a statement.

Coincheck, one of the world’s largest cryptocurrency exchanges, has been often mentioned in the media in connection with the theft incident of $500 million worth of XEM from clients’ accounts.

A month ago, Circle, a fintech startup, backed by Goldman Sachs, acquired Poloniex, one of the major cryptocurrency exchanges, for $400 million.

More news:

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    January 20, 2023

Filed Under: General News, News Tagged With: Coincheck, cryptocurrency, exchanges, Japan, Monex Group, news

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