Monex Group Announces Executive Changes in Monex Inc and Coincheck

Monex Group, a Tokyo-based financial services company that operates retail brokerages TradeStation, Monex, Boom Hong Kong, and cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Coincheck, announced some management changes today at two of its companies - Monex and Coincheck.

Monex has made changes to its auditing team. Effective from September 12, 2018, Kiyoshi Tamura will be replaced as company auditor by Kazunaga Nakajima. Tamura has been with the firm for years.

In July 2014, Tamura became Managing Director, Senior Executive Director and General Manager for the subsidiary's Credit Department. This was amid a major restructuring of Monex’s development business. Before this, he was Managing Director and Senior Executive Director.

Kiyoshi Tamura moves to Coincheck

However, Tamura will not be leaving the company. Instead he will be joining the company’s other subsidiary, Coincheck, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term wallet and exchange service headquartered in Tokyo, Japan.

At Coincheck, Tamura will be Executive Director. For many of you, the name Coincheck might sound familiar. This is because in January this year, the firm was the target of the largest theft in crypto history when hackers stole more than $530 million worth of the cryptocurrency NEM.

Following this, in April of 2018, Finance Magnates reported that Monex acquired the struggling cryptocurrency exchange. The deal was worth $33.5 million, a figure that offers a glimpse into the value of cryptocurrency exchanges.

In July this year, the group reported its first-quarter earnings for its fiscal year. Whilst overall the firm experienced a strong increase in revenue, Coincheck’s operations significantly limited the revenue stream even after the acquisition.

In addition, the firm had to invest money into the exchange to strengthen its cybersecurity and internal controls. As a result of all of these factors, the segment reported a loss of $2.7 million.