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Japanese Crypto Exchange Aims To Go Public on the Nasdaq Next Year

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Japan’s cryptocurrency exchange and Web3 platform aims to grow by listing on the Nasdaq stock market by 2023.

According to Q2 Accounting report Tokyo-based crypto exchange platform Coincheck, filed with the U.S. Securities and Exchange Commission (SEC), is set to list on the Nasdaq next year.

The report also says Coincheck, owned by Japanese financial services firm Monex Group, is working with a special purpose acquisition company (SPAC) to expand its crypto-related offerings to include Metaverse and Web3 products, as well as non-fungible tokens. (NFT).

“After a proposed business combination with Nasdaq-listed SPAC, Thunder Bridge Capital Partners IV (THCP) and Coincheck Group (CCG), Coincheck Group (CCG) plans to go public. [the] Nasdaq.

In addition to cryptocurrency exchanges, Coincheck has expanded its business areas to include NFT, Metaverse, and Web3, keeping fixed costs low and advertising costs in line with market conditions. ”

The centralized exchange says the public offering is part of the company’s growth strategy and benefits from gaining access to global investors, international workers and the U.S. market. .

“CCG will work with THCP to expand its cryptocurrency business by increasing exposure to global investors, accessing U.S. capital markets, and recruiting global talent to realize its growth strategy. I aim to.”

Four years ago, Coincheck hacked Malicious actors have stolen $655 million worth of Java-based blockchain NEM (XEM) and open source digital currencies XRP.

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