Japanese crypto exchange Coincheck lists on Nasdaq

Dec 13 (NHK) - Coincheck Group, a Japanese cryptocurrency exchange, has listed its shares on the tech-heavy Nasdaq in the United States.

The company is a subsidiary of major Japanese online securities firm Monex Group. A ceremony was held at the Nasdaq headquarters in New York City on Wednesday to celebrate the listing.

The move comes as US President-elect Donald Trump has expressed his intention to establish a better environment for cryptocurrency exchanges.

Welcoming the potential move by the incoming administration, the price of bitcoin surged above 100,000 dollars for the first time earlier this month.

After the ceremony, Monex Group Chairperson Matsumoto Oki told reporters that cryptocurrencies and blockchain technology are businesses with global reach.

Matsumoto also said that with this listing, they hope to attract talent and pursue acquisitions of other companies.

He noted that while the United States has been somewhat cautious about cryptocurrencies in recent years, that is changing now, and the timing for the listing is ideal.

Other cryptocurrency-related firms may follow suit, depending on whether a favorable business environment steadily develops in the US.

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Japanese crypto exchange Coincheck lists on Nasdaq

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