Monex Group’s Purchase of Crypto Exchange Coincheck Worth $33.5m

[kreslik.news]

Japanese online trading giant Monex has announced the acquisition of local cryptocurrency exchange Coincheck. The deal is worth $33.5 million (¥360 million), a figure that offers a glimpse into the value of cryptocurrency exchanges.

The takeover agreement is largely a confirmation of rumors that have been circulating across the market for a couple of days. According to an official announcement issued by Monex, the deal is a testament to the importance of blockchain technology and cryptocurrencies in the financial space.

The Right Deal at the Right Time?

Japanese exchange Coincheck has been mandated by the Kanto Local Finance Bureau, ... (read more)