Coincheck, a Tokyo-based cryptocurrency exchange and subsidiary of Monex Group, is about to become the first Japanese crypto exchange to debut on Nasdaq Global Market.
Coincheck prepares for Nasdaq listing
On November 13, the SEC approved Coincheck's application to list on Nasdaq. This milestone will be achieved through a merger with Thunder Bridge Capital Partners, enabling it to remain a subsidiary of Monex Group. This move might inspire other Japanese exchanges to explore similar listings.
SEC's role in Coincheck's listing
The SEC approved the listing after Coincheck filed a Form F-4 registration statement on November 7, which became effective on November 12. With regulatory approval, TBCP can hold a shareholder vote on December 5 to finalize the merger, a key step before listing.
Market implications of the listing
The Nasdaq listing is significant for both Japan and the US, potentially leading to greater global market integration and encouraging other Japanese exchanges to consider international listings. For the US, it could attract more international crypto firms to American markets.
Coincheck's listing on Nasdaq marks a new phase in the global integration of cryptocurrency markets, fostering regulation and exchange engagement with global opportunities.
