Monex Officially Takes Over Crypto Exchange Coincheck: Nikkei
- Founding president of Coincheck, Koichiro Wada, and COO Yusuke Otsuka will be stepping down with immediate effect.
Japanese financial services company Monex Group, which operates retail brokerages TradeStation, Monex Inc, and Boom Hong Kong has committed to take over ailing Japanese crypto 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, Japanese newswire Nikkei Asian Review reported on Tuesday.
The report comes 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.
Capital Increase
The price of the bid for Coincheck has not been officially disclosed yet, but according to the report, the deal has been accepted by the shareholders of the cryptocurrency exchange. Following the takeover, the capital base of the exchange is set to increase by several billion yen (several tens of million US dollars).
Coincheck will be reshuffling its management after the massive blow the company suffered in January as $530 million worth of NEM tokens were stolen. According to the report, the final details of the deal are still being ironed out by both parties.
Management Changes
The founding president of Coincheck, Koichiro Wada, and COO Yusuke Otsuka will be stepping down with immediate effect. The exchange is going to receive new capital from Monex and the COO of Monex, Toshihiko Katsuya is rumored to become the new president of the cryptocurrency exchange.
Monex Group has a wide portfolio of brokerages worldwide, the firm’s asset portfolio is focused on providing services mainly to retail clients. The firm’s Japanese subsidiary Monex Inc, along with US TradeStation and Hong Kong-based MONEX BOOM Securities have been well established on the corresponding markets.
The company has been consistently investing in the development of its products across multiple asset classes. While TradeStation is preferred by many US stock market aficionados, Japanese traders have taken a liking to the company’s FX and Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading products on its home market. A cryptocurrency offering will build upon the firm’s existing portfolio and allow it to further expand its services.
Japanese financial services company Monex Group, which operates retail brokerages TradeStation, Monex Inc, and Boom Hong Kong has committed to take over ailing Japanese crypto 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, Japanese newswire Nikkei Asian Review reported on Tuesday.
The report comes 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.
Capital Increase
The price of the bid for Coincheck has not been officially disclosed yet, but according to the report, the deal has been accepted by the shareholders of the cryptocurrency exchange. Following the takeover, the capital base of the exchange is set to increase by several billion yen (several tens of million US dollars).
Coincheck will be reshuffling its management after the massive blow the company suffered in January as $530 million worth of NEM tokens were stolen. According to the report, the final details of the deal are still being ironed out by both parties.
Management Changes
The founding president of Coincheck, Koichiro Wada, and COO Yusuke Otsuka will be stepping down with immediate effect. The exchange is going to receive new capital from Monex and the COO of Monex, Toshihiko Katsuya is rumored to become the new president of the cryptocurrency exchange.
Monex Group has a wide portfolio of brokerages worldwide, the firm’s asset portfolio is focused on providing services mainly to retail clients. The firm’s Japanese subsidiary Monex Inc, along with US TradeStation and Hong Kong-based MONEX BOOM Securities have been well established on the corresponding markets.
The company has been consistently investing in the development of its products across multiple asset classes. While TradeStation is preferred by many US stock market aficionados, Japanese traders have taken a liking to the company’s FX and Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading products on its home market. A cryptocurrency offering will build upon the firm’s existing portfolio and allow it to further expand its services.