Coincheck Uses SPAC Merger to Secure $1.3 Billion Valuation and Join Nasdaq Stock Exchange

In today's article, the Coinmooner team is excited to share great news about a significant CEX exchange. Japanese cryptocurrency exchange Coincheck has successfully gone public on the Nasdaq stock exchange. This is a significant milestone, and we’d like to give you all the details.

Coincheck has been operating since 2012, offering services to Japanese users. The exchange is owned by Monex Group, one of Japan's largestonline brokers. Recently, Monex Group’s chairman, Oki Matsumoto, stated that the company aims to use Coincheck to expand into the rapidly growing U.S. cryptocurrency market. According to him, the exchange expects strong growth and interest from American investors.

Matsumoto also mentioned that funds raised from listing on Nasdaq will be used to acquire shares in U.S. crypto companies, further strengthening Coincheck’s position on the global stage.

From Japan to Wall Street: Coincheck’s Listing on Nasdaq and Its Plans for Global Expansion

Coincheck's Nasdaq listing was made possible through a merger with Thunder Bridge Capital Partners IV, a SPAC (Special Purpose Acquisition Company) with a market cap of $1.3 billion. This approach allowed Coincheck to debut on the U.S. stock exchange via direct investment, bypassing the traditional IPO process. The company’s shares are now traded under the ticker CNCK, marking a significant step in the globalization of the cryptocurrency industry.

It’s worth noting that Coincheck is only the second crypto exchange to have its shares listed on Nasdaq. The first was the U.S.-based Coinbase. This highlights the growing recognition of cryptocurrency assets in traditional financial markets.

In recent months, there’s been a surge in interest in cryptocurrencies. For instance, Nasdaq recently applied to the U.S. Securities and Exchange Commission (SEC) to launch trading of options tied to the Nasdaq Bitcoin Index. This development shows how cryptocurrencies evolved beyond investment tools to become part of a broader financial ecosystem.

Lastly, the Coinmooner team would like to remind everyone about the importance of security as the Web3 and cryptocurrency markets proliferate. Alongside the industry's development, fraudulent schemes are also becoming more sophisticated. It’s crucial to stay vigilant, use advanced security measures, and protect your funds and personal data to minimize risks and ensure safety.