Japanese crypto exchange Coincheck to debut Nasdaq trading
Coincheck Group will debut on the Nasdaq stock exchange on December 11, following a merger with Thunder Bridge Capital. The merger, initially announced in March 2022, is part of a $1.25 billion de-SPAC transaction. Coincheck's shares will trade under the ticker symbols CNCK and CNCKW. Founded in 2012, Coincheck is one of Japan's largest crypto exchanges, boasting 1.5 million verified customers and daily trading volumes of approximately $165 million. The exchange gained notoriety in January 2018 due to a hack that resulted in the theft of $534 million in NEM tokens. After repaying customers, Coincheck pursued public listing plans, which faced delays but were ultimately approved by the SEC in November 2023. The merger generated around $31.6 million in gross proceeds. Coincheck's launch signifies a significant collaboration between Japanese and US executives in the crypto sector.
