
Monex Reports $67 Million Loss amid Coincheck Listing Costs
Monex posted a $67 million loss due to Coincheck’s listing costs but saw growth in trading, investments, and strategic partnerships.
Monex posted a $67 million loss due to Coincheck’s listing costs but saw growth in trading, investments, and strategic partnerships.
The Tokyo-based Monex Group intends to further strengthen its digital asset offerings to institutional investors through the 3iQ acquisition.
Even as there is no solid evidence of bidding for FTX Japan, Monex is taking the position to expand its horizon and push to the top of the table.
Just as US stocks shrink, Asia companies are also recording significant losses as Bitcoin, and other major cryptocurrencies face declines.
The Bank of Japan noted last month that initiatives to test its digital yen currency are underway.
Monex Group, a new owner of cryptocurrency exchange Coincheck, plans to build its own blockchain platform and conduct an initial coin offering.
Japanese financial services provider Monex Group announced 100% share acquisition of Coincheck. The deal is planned for April 16.
Coincheck, the cryptocurrency exchange that suffered the largest theft earlier this year, has accepted a takeover bid by Japanese online brokerage Monex Group Inc.
Coincheck which was in the middle of the $530 million scandal in the beginning of this year has a chance to restore its positions as one of the biggest Japanese brokerages plans to buy the cryptocurrency exchange.