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Japanese financial services company Monex Group, which operates retail brokerages TradeStation, Monex Inc and Boom Hong Kong has committed to a major M&A deal. The company will take over ailing Japanese crypto exchange Coincheck.
The report comes from Japanese newswire Nikkei amid increasing speculation in recent days that a deal is in the cards. The brokerage firm which has been active across multiple asset classes is diversifying its portfolio at a critical time for the cryptocurrency industry.
The price of the bid for Coincheck has not been officially disclosed yet, but according to a Nikkei report, the ... (read more)