Trading Platform Monex Offers To Buy Coincheck Crypto Exchange For “Blns Of Yen” - Only4Free - Cryptocurrency Connection

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Trading Platform Monex Offers To Buy Coincheck Crypto Exchange For “Blns Of Yen”

Trading Platform Monex Offers To Buy Coincheck Crypto Exchange For “Blns Of Yen”




Japanese financial services provider Monex has offered to acquire a majority stake in the cryptocurrency exchange Coincheck in a “billions of yen” deal, Nikkei Asian Review reports Apr 3, citing unnamed sources.

According to Nikkei, the Coincheck exchange, which was the target of a Jan 26 hack that resulted in a loss of about $530 mln worth of NEM coins and has since then been hit by three class action lawsuits from affected customers, has been “looking for support from a third party.”

Japanese online trading platform Monex, currently valued at around $870 mln, is looking to buy a majority stake in the crypto exchange for “several billion yen,” as anonymous sources told Nikkei. Monex is planning to replace the would-be subsidiary’s management and work towards fully restoring its services.




The official announcement of the acquisition “could be” made this week, says Nikkei.

Source: https://cointelegraph.com/news/breaking-trading-platform-monex-offers-to-buy-coincheck-crypto-exchange-for-blns-of-yen

Tags: cryptocurrency exchange, Monex, crypto exchange, cryptocurrency, cryptocurrencies, crypto news


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