Nikolas Sargeant
Coincheck, a leading Japanese cryptocurrency exchange, has officially listed on NASDAQ under the ticker symbol “CNCK,” marking a significant milestone for the company and the broader crypto industry. The listing, announced by Monex Group, Coincheck’s parent company, is expected to enhance the exchange’s credibility and solidify its position as a major player in the global crypto market. Starting December 11, the stock will be traded in the United States, with Coincheck's market valuation estimated at around $1.6 billion.
As part of the listing process, Coincheck underwent an organizational change, transitioning from a private limited liability company to a public limited liability company under Dutch law. Monex Group will retain approximately 80% of the shares in Coincheck Group (CCG).
This move is seen as part of a broader trend of Japanese crypto exchanges gaining international recognition, while also highlighting the growing integration of the global crypto market. With regulatory changes in the U.S. and the possibility of a more crypto-friendly environment under President-elect Donald Trump, the listing is expected to inspire other crypto firms to seek listings on global platforms, further intensifying competition in the industry.
