December 3, 2021

Monex Confirmed Imminent Purchase Of Coincheck Exchange And Plans …

Monex Confirms Imminent Purchase Of Coincheck Exchange And Plans For An IPO

Japanese online broker Monex Group has confirmed a deal in which it intends to buy cryptocurrency exchange Coincheck, which was severely hacked earlier this year.

Monex has confirmed the imminent purchase of the Coincheck exchange and plans an IPO for it Japanese online broker Monex ...

According to Japanese newspaper The Mainichi, the deal will cost Monex 3.6 billion yen (about $ 33.5 million). In mid-April, Monex will acquire 45.2% of Coincheck from its founder and CEO Koichiro Wada, 5.5% from board member Yusuke Otsuki, and another 49.3% from six other shareholders..

Monex has confirmed the imminent purchase of the Coincheck exchange and plans an IPO for it Japanese online broker Monex ...

“The cryptocurrency exchange business is a key part of "A new beginning Monex". In this regard, the company decided to acquire 100% of the shares of Coincheck, which was a pioneer among cryptocurrency exchanges, “- said in the announcement of Monex.

Monex also said that following the acquisition of Coincheck, the CEO of the buying company, Toshihiko Katsuya, will become its president, while Wada and Otsuka will continue to work for the exchange, but will occupy less significant leadership positions..

Monex also said that Coincheck is currently in the process of improving its governance and internal controls following an order from the Kanto Region Finance Bureau. This order was issued following a hacker attack in January that stole $ 530 million worth of NEM tokens from Coincheck..

Monex has confirmed the imminent purchase of the Coincheck exchange and plans an IPO for it Japanese online broker Monex ...

“Our goal is to create a safe business environment for customers by fully supporting the process of improving the quality of work at Coincheck,” – said in a statement.

Monex has confirmed the imminent purchase of the Coincheck exchange and plans an IPO for it Japanese online broker Monex ...

In addition, according to the Japanese edition of the Nikkei Asian Review, Monex plans to obtain approval from the authorities for Coincheck and restart the exchange in June. The article also claims that Monex hopes to hold an IPO for Coincheck in the future – something that has never happened before with any Japanese cryptocurrency exchange..

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