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Coin Market – Monex Acquisition Bid Which Will Inject It With Billions of Yens Accepts by Coincheck

Coin Market

Coin Market

The Coincheck is a bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka.

It operates exchanges between bitcoin/ether and fiat currencies in Japan, and bitcoin transactions and storage in some countries worldwide.In April 2018, Coincheck was acquired by Monex Group for 3.6 billion yen.

The group behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the biggest securities trading companies in the country. Monex will provide much needed capital but will execute the exchange and replace its head with a more trusted figure from among its own.

 

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