United

Impact

when

<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>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Coincuofficial/status/1857005779011674147
 </div>
</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

Table of Contents

Crypto News Land

Other articles published on Nov 14, 2024

PEPE Coin Experiences Significant Price Surge

Analyst Prediction: This New All Sports-Driven Meme Could Bring 12,000% Returns Like WIF or DOGE ...

XRP, Cardano, and Cutoshi Set to Reach New Highs: Analysts Say

Irish authorities seize $3.4m in crypto linked to Chinese ‘pig butchering’ scams

Musk Doge (MUSKDOGE) Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu...

Peanut The Squirrel Price Soars 128% To Hit $2 Billion Market Cap As Pepe Unchained Presale Annou...

Join our free newsletter for daily crypto updates!