United

Impact

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<ul class="wp-block-list">
 <li>Coincheck to become first Japanese crypto exchange on Nasdaq, gaining SEC approval for a December listing.</li>  
 <li>Merger with Thunder Bridge Capital enables Coincheck’s Nasdaq debut, deepening U.S.-Japan financial ties.</li>  
 <li>Coincheck’s Nasdaq entry could inspire other Japanese exchanges, strengthening global crypto market integration.</li> 
</ul>  
<p>Coincheck, a cryptocurrency exchange located in Tokyo and owned by Monex Group, has obtained regulatory authorization from the United States Securities and Exchange Commission to be listed on the Nasdaq Global Market.&nbsp;</p>  
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  https://twitter.com/Coincuofficial/status/1857005779011674147
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</figure>  
<p>This action sets Coincheck up to be the initial Japanese crypto exchange to be listed on a U.S. stock exchange. The SEC's authorization, given on November 13, allows Coincheck to move forward with its initial public offering as soon as December 10.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-merger-with-thunder-bridge-capital-nbsp"><strong>Merger with Thunder Bridge Capital&nbsp;</strong></h2>  
<p>The <a href="https://cryptonewsland.com/fold-prepares-for-nasdaq-listing-expands-bitcoin/" rel="noopener noreferrer nofollow">listing</a> of Coincheck on Nasdaq will occur via a merger with Thunder Bridge Capital Partners (TBCP), which is a Special Purpose Acquisition Company (SPAC). The merger enables Coincheck to maintain its status as a consolidated subsidiary of Monex Group while broadening its presence in the U.S. financial market.&nbsp;</p>  
<p>SPAC mergers have gained popularity as a pathway for companies to access public markets, particularly for businesses in new sectors such as cryptocurrency. As a result, this merger might establish a precedent, prompting other Japanese cryptocurrency exchanges to explore international listings.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-sec-approval-nbsp"><strong>SEC Approval&nbsp;</strong></h2>  
<p>The regulatory journey began on November 7, when Coincheck <a href="https://www.monexgroup.jp/en/news_release/irnews/auto_20241112520488/pdfFile.pdf" rel="noopener noreferrer nofollow">filed</a> a Form F-4 registration statement with the SEC. The SEC granted effectiveness to the registration on November 12, paving the way for the official listing process.&nbsp;</p>  
<p>Following this, TBCP plans to hold a shareholder vote on December 5 to approve the merger, which will allow Coincheck to trade under the ticker symbol CNCK upon the Nasdaq debut.</p>  
<h2 class="wp-block-heading" id="h-impact-on-u-s-japan-financial-relations"><strong>Impact on U.S.-Japan Financial Relations</strong></h2>  
<p>Coincheck’s entry into the Nasdaq market represents a milestone in U.S.-Japan financial relations. With its listing, Coincheck could inspire other Japanese exchanges to explore opportunities in global markets, potentially enhancing financial cooperation between Japan and the U.S.&nbsp;</p>  
<p>For American markets, this listing could also encourage more international cryptocurrency firms to expand into the U.S. market, bolstered by a regulatory environment expected to support cryptocurrency under the incoming administration.</p> 
<p>The post <a href="https://cryptonewsland.com/coincheck-becomes-first-japanese-crypto-exchange-to-list-on-nasdaq-after-sec-approval/" rel="noopener noreferrer nofollow">Coincheck Becomes First Japanese Crypto Exchange to List on Nasdaq After SEC Approval</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Coincheck Becomes First Japanese Crypto Exchange to List on Nasdaq After SEC Approval

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