Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform
<p>The owner of Japanese crypto exchange Coincheck announces the platform will be fully operational in August –– plus the launch of a trading platform in the U.S.</p>
<p><p dir="ltr">Online broker Monex Group, which bought out hacked <a href="https://cointelegraph.com/tags/japan">Japanese</a> cryptocurrency exchange <a href="https://cointelegraph.com/tags/coincheck">Coincheck</a> this spring, plans to launch a <a href="https://cointelegraph.com/tags/us">U.S</a>.-based trading platform, Cointelegraph Japan <a href="https://jp.cointelegraph.com/news/monex-ceo-hopes-coincheck-will-restarat-full-service-in-august-and-prepare-us-cypto-business" rel="nofollow" target="_blank">reported</a> today, July 27.</p>
A summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation, which Monex acquired in 2011.
As Cointelegraph Japan reports, Monex CEO Oki Matsumoto also signalled Coincheck –– which Monex purchased in April for around $33 mln –– should begin functioning fully next month.
Matsumoto had originally forecast a June opening for Coincheck, but delays in securing a licence from Japan’s financial regulator the Financial Services Authority (FSA) resulted in this being pushed back, Cointelegraph Japan reports.
As a source told Cointelegraph, the CEO “is confident in getting a licence from the FSA,” adding he had confirmed Monex had “already finished investing for cyber security and internal control.”
Coincheck has continued to function since the Monex takeover, demonstrating stringent adherence to regulatory demands since the platform lost $534 mln in a hack in January –– the largest hack the industry has seen thus far.
In May, officials removed four anonymity-focused altcoins from Coincheck’s order book, while also first announcing plans to expand into the U.S. market.
“Japan may seem like it’s one step ahead in crypto, but in terms of deciding what’s a security or a token and attracting institutional investors, the U.S. and Europe are moving ahead,” Matsumoto told Bloomberg at the time.
This user is on the @buildawhale blacklist for one or more of the following reasons:
You write well, @pranksters!
Excellent. What a outstanding post. Nothing to say it's just awesome.
@sadkitten is countering 85% of @artakan self-votes for 1 week starting Thursday, August 2nd 2018 because it is part of last weeks top self-voters. For more details see this post.
Thank you for seeing my blogs sadkitten we all we got as Steemians thanks for bringing followers your the best sadkitten I love it did you know that the Blockchain will be the global currancy HODLER'S and that is the best thing about the Blockchain. Altcoins are the future and a good investment in the present investers should take advantage of this to gain a large profit margin on investment just opinion not fincial advice thanks sadkitten keep it steeming but it's also funny that some of your downvotes show up as flagfund hummmm I wonder?
Play fair
Excellent. What a
Outstanding post. Nothing to
Say it's just awesome.
- artakan
I'm a bot. I detect haiku.