Coincheck to Become First Japanese Crypto Exchange on Nasdaq
Date: 2024-11-14 Author: Gabriel Deangelo Categories: BUSINESS
The U.S. Securities and Exchange Commission (SEC) approved the exchange’s application to list on Nasdaq on November 13.
The listing will be structured through a merger with Thunder Bridge Capital Partners (TBCP), allowing Coincheck to remain a consolidation of Monex Group. This development could be a boost for other Japanese crypto exchanges looking to expand into international markets.
The SEC approval follows Coincheck’s Form F-4 registration statement, which became effective on November 12. TBCP can now hold a shareholder vote on December 5 to finalize the deal. If the vote is positive, Coincheck will begin trading on Nasdaq under the ticker CNCK on December 10.
The planned listing on Nasdaq is significant for both Japan and the United States. Not only will it increase the integration of global markets, but it will also attract new international crypto companies to American exchanges.
