This news comes after the US SEC gave the green light for Coincheck’s listing.
Headquartered in Tokyo, Coincheck is a subsidiary of Monex Group, and it’s expected to debut on the Nasdaq Global Market as early as December 10th. This move marks a major milestone for both Coincheck and the cryptocurrency world.
SEC Approves Coincheck’s Historic Nasdaq Listing
On November 13th, the SEC approved Coincheck’s application to list on Nasdaq. This will happen through a merger with Thunder Bridge Capital Partners (TBCP). TBCP is a special purpose acquisition company (SPAC). This merger is a big deal because it means that Coincheck will be the first Japanese crypto exchange to be listed on a U.S. stock exchange. Once the merger is finalized, Coincheck will remain part of the Monex Group, but it will also become an official player on the Nasdaq.
🚨Just in: #Coincheck has become the first Japanese crypto exchange to earn #SEC approval for a #Nasdaq listing.#CoinPedia #CryptoNews #Blockchain pic.twitter.com/8Ac7tuApAI
— Coinpedia (@CoinpediaNews) November 13, 2024
The process to get here has been quite the ride. Coincheck filed a Form F-4 registration statement with the SEC on November 7th, and that statement was approved by November 12. With the SEC’s approval now in place, TBCP can move forward with a shareholder vote on December 5. If the vote passes, Coincheck will officially close the merger and list it on the Nasdaq under the ticker symbol CNCK.
More About Crypto Exchanges
Today, Crypto.com announced its acquisition of Australia-based Fintek Securities Pte Ltd. This is an important move to expand its services in Australia. This acquisition will enable Crypto.com to offer a wider range of financial products. This includes deposit products, derivatives, securities, and foreign exchange. Also, managed investment schemes to more users in the region.
Today we’re proud to announce the acquisition of Australia-based Fintek Securities Pte Ltd.
This acquisition will allow us to offer deposit products, derivatives, securities, foreign exchange, and managed investment schemes to more users in Australia.
This is another solid step… pic.twitter.com/85ydR8WL5B
— Crypto.com (@cryptocom) November 14, 2024
It’s a significant step forward in Crypto.com’s mission to create a single global platform that provides all types of financial services, helping the company reach new users and further its growth on the international stage.
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