Monex Group Reports on Coincheck’s Nasdaq Listing and Financial Implications

Monex Group ( (JP:8698) ) has provided an announcement.

Monex Group announced that Coincheck Group N.V. has successfully listed on the Nasdaq Global Market, incurring one-time expenses of approximately 17.1 billion yen in the process. These expenses, related to financial advisory fees and share-based compensation, do not affect the company’s standalone financial results or its year-end dividend plans, highlighting the strategic positioning of Coincheck in the evolving cryptocurrency market.

More about Monex Group

Coincheck Group N.V., through its subsidiary Coincheck, operates one of Japan’s largest multi-cryptocurrency marketplaces and crypto asset exchanges. Regulated by Japan’s Financial Services Agency, Coincheck is a leader in the Japanese crypto exchange industry, offering platforms for trading a variety of cryptocurrencies such as Bitcoin and Ethereum, as well as expanding access to non-fungible tokens and other digital innovations.

YTD Price Performance: -6.56%

Average Trading Volume: 235

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.48B

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