Satoshi

Time

<ul class="wp-block-list">
 <li>Coincheck listed under the ticker “CNCK” after merging with SPAC Thunder Bridge IV.</li>
 <li>The listing supports Coincheck’s plans for acquisitions and Web3 business growth.</li>
</ul>
Coincheck, a leading Japanese cryptocurrency exchange, has officially debuted on the Nasdaq Global Market under the<a href="https://corporate.coincheck.com/press/2ndWVFjZ" target="_blank" rel="noopener noreferrer nofollow"> ticker</a> “CNCK.” The listing follows its merger with Thunder Bridge IV, a special purpose acquisition company (SPAC). This makes Coincheck the second regulated crypto exchange to list on Nasdaq, following Coinbase’s 2021 debut.
The U.S. Securities and Exchange Commission (<a href="https://thenewscrypto.com/ripple-clo-slams-secs-crenshaw-ahead-of-senate-vote/" target="_blank" rel="noopener noreferrer nofollow">SEC</a>) approved Coincheck’s Form F-4 filing in November. The approval signified that the company met all legal listing requirements. Coincheck highlighted risks in its filings, such as crypto market volatility and regulatory uncertainty.
The merger, delayed due to tightened disclosure rules for SPACs, valued Coincheck at $1.3 billion. Thunder Bridge IV initially raised $230 million in 2021 to facilitate this acquisition. The Nasdaq-listed company will now operate as Coincheck Group N.V., retaining its experienced management team, with Oki Matsumoto as executive chairman.
<h3 class="wp-block-heading" id="h-coincheck-s-evolution">Coincheck’s Evolution&nbsp;</h3>
Coincheck was founded in 2012 and entered <a href="https://thenewscrypto.com/crypto-market-bull-run-2024-key-trends-to-maximize-gains/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> trading in 2014. It gained prominence for its user-friendly interface, which appealed to younger traders. Despite a significant security breach in 2018 that resulted in a $530 million loss, Coincheck repaid affected users and enhanced its security systems.&nbsp;
Monex Group acquired Coincheck for ¥3.6 billion ($33.6 million) that year and has since strengthened its compliance and operations. The public listing allows to expand its global reach. The company plans to leverage Nasdaq-listed shares for acquisitions, talent recruitment, and strategic partnerships.&nbsp;
CEO Satoshi Hasuo emphasized the potential for cryptocurrency as a new means of value exchange and promised further growth in Coincheck’s Web3 business. Coincheck’s successful listing reflects the growing interest in regulated crypto exchanges.&nbsp;
In 2021, Coinbase opted for a direct listing on <a href="https://x.com/Nasdaq" target="_blank" rel="noopener noreferrer nofollow">Nasdaq</a>, while Bakkt was listed on the New York Stock Exchange through a SPAC merger. South Korea’s Bithumb is also reportedly preparing for a Nasdaq listing in 2025.
Highlighted Crypto News Today <a href="https://thenewscrypto.com/is-now-the-right-time-to-buy-hnt/" rel="noopener noreferrer nofollow">Is Now the Right Time to Buy HNT?</a>

Coincheck Debuts on Nasdaq as Second Regulated Crypto Exchange

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