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Coincheck to Become First Japanese Crypto Exchange Listed on Nasdaq

Coincheck to Become First Japanese Crypto Exchange Listed on Nasdaq

HappyCoinNews2024/11/14 19:00
By: HappyCoinNews

The U.S. Securities and Exchange Commission (SEC) has approved Japanese crypto exchange Coincheck's application to list on Nasdaq. This marks the first time that a Japanese crypto exchange will trade on the U.S. stock market.

Coincheck to Become First Japanese Crypto Exchange Listed on Nasdaq image 0

Coincheck's SEC filing

The listing on Nasdaq became possible after the crypto exchange merged with Thunder Bridge Capital Partners IV, which will be finally approved on December 5 at the shareholders’ meeting of the companies. After that, Coincheck will debut on the US stock market under the ticker CNCK. The listing on Nasdaq is scheduled for December 10, 2024, with trading in shares starting the following day.

It is known that after the merger, the combined company will receive $237 million, which will be held in trust by Thunder Bridge Capital Partners IV. The joint venture will be headed by Thunder Bridge CEO Gary A. Simanson. Monex Group, the parent company of Coincheck, will retain 82% of the shares.

The planned listing of a Japanese cryptocurrency exchange on Nasdaq will be a major event for the American market, as it will strengthen the US friendly stance towards digital assets and attract more international crypto companies to the country.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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