2024

United

Coincheck, a Tokyo-based cryptocurrency exchange and subsidiary of Monex Group, is set to become the first Japanese crypto exchange to debut on the Nasdaq Global Market, possibly as soon as Dec. 10.
On Nov. 13, the United States Securities and Exchange Commission (SEC) approved Coincheck’s application to list on Nasdaq.
This milestone move will occur through a merger with Thunder Bridge Capital Partners (TBCP), marking the first time a Japanese crypto exchange will be listed on a U.S. stock exchange.
The merger with TBCP, a special purpose acquisition company (SPAC), will allow Coincheck to remain a consolidated subsidiary of Monex Group following its listing.
This listing could potentially motivate other Japanese exchanges to explore similar opportunities in the future.
The SEC’s approval came after Coincheck filed a Form F-4 registration statement on Nov. 7, which became effective on Nov. 12.
With the regulatory green light, TBCP can proceed with a shareholder vote on Dec. 5 to approve and finalize the business combination, a key step before the listing.
If shareholders approve, the merger with TBCP will conclude, positioning Coincheck to be listed on Nasdaq as soon as Dec. 10, trading under the ticker CNCK.
The Nasdaq listing is a significant development for both Japan and the U.S., potentially leading to greater global market integration and encouraging other Japanese exchanges to consider international listings.
For the U.S., the listing could draw more international crypto firms to American markets, especially as the incoming Trump administration is expected to favor pro-crypto regulations.
The SEC has played a major role in shaping the crypto industry in the U.S., implementing strict oversight of digital assets and exchanges.
Joe Lubin, CEO of Consensys, recently criticized the SEC at Devcon 2024 in Thailand, urging for supportive crypto regulations and expressing optimism for smoother regulatory shifts in the future.co

Coincheck to Become First Crypto Exchange Listed on the Nasdaq Global Market

Crypto Intelligence

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