Originally published on: November 13, 2024
Coincheck, a Tokyo-based cryptocurrency exchange under the Monex Group umbrella, has received approval from the US Securities and Exchange Commission to be listed on the Nasdaq Global Market. This groundbreaking move is set to take place by Dec. 10 and signifies a significant milestone for the Japanese crypto exchange.
The approval comes after Coincheck submitted a Form F-4 registration statement on Nov. 7, which was greenlighted by the SEC. Following this, a shareholder vote is scheduled for Dec. 5 to finalize the merger with Thunder Bridge Capital Partners (TBCP), a special acquisition purpose company. Once approved, Coincheck will be officially listed on the Nasdaq, with trading under the ticker CNCK.
This development not only marks a historic moment for Coincheck but also sets a precedent for other Japanese exchanges to follow suit. The listing is expected to deepen global market integration, attracting more international crypto firms to US markets.
Under President-elect Donald Trump’s administration, a pro-crypto regulatory stance is anticipated, making the Nasdaq listing a strategic move for Coincheck. Despite some criticism from figures like Consensys CEO Joe Lubin, the overall sentiment surrounding the listing is positive, paving the way for further advancements in the crypto industry.
As Coincheck gears up for its Nasdaq debut, the future looks promising for both the exchange and the broader crypto market. Stay tuned for updates as Coincheck blazes a trail as the first Japanese crypto exchange on the prestigious Nasdaq Global Market.
