Coincheck emerged as the top platform for Bitcoin trading volume in Japan during late 2024, supported by expanded cryptocurrency offerings and enhanced trading functions.
Driving Factors Behind Coincheck’s Success
Coincheck's dominance is attributed to increased cryptocurrency offerings and trading function enhancements. By late 2024, it offered 20 cryptocurrencies, including Ripple, Ethereum, and Dogecoin. New additions like Avalanche and Bitcoin Cash further diversified its portfolio. Trading function improvements, such as anti-counter-trading measures, ensure a secure trading environment.
User-Focused Innovations and Competitive Fees
Coincheck's appeal lies in its competitive fee structure with zero fees for Bitcoin and Dogecoin transactions, beneficial in a cost-sensitive market. The platform also prioritizes market integrity with risk mitigation features, allowing users to navigate market volatility confidently.
Global Presence and Trust
Founded in 2012 and licensed by Japan’s Financial Services Agency, Coincheck operates under the Monex Group, trading on the Tokyo Stock Exchange. The platform's global presence was bolstered by its parent company listing on NASDAQ in December 2024. With over 7 million app downloads, Coincheck remains Japan’s leading crypto trading app.
Coincheck maintains its leading position in cryptocurrency trading in Japan, continuing to innovate and expand its international presence.
