[NEWS] Coincheck completes Nasdaq listing procedures; trading to begin on the 11th

Monex Group, which owns the domestic cryptocurrency exchange Coincheck, announced on the 11th that it has completed the procedures for listing its Dutch-based subsidiary CCG (Coincheck Group N.V.) on the Nasdaq. The ticker symbol is "CNCK" and trading will begin on the 11th Eastern Time.

Monex Group will hold approximately 80% of CCG's shares, and its representative will be Dai Matsumoto, the group's CEO and Chairman.

Monex will proactively expand its business in the cryptocurrency and Web 3.0 fields by promoting strategic initiatives such as global recruitment, corporate acquisitions, and capital and business alliances, backed by its reliability and accelerating growth as a Nasdaq-listed company. It also stated that it will continue to position CCG and Coincheck as strategically important subsidiaries and aim to continuously improve the group's corporate value in the medium to long term.

Monex Group announced that the registration statement it had submitted to the SEC (U.S. Securities and Exchange Commission) became effective on November 12th.

Regarding the Nasdaq listing, Coincheck's Chairman and CEO Satoshi Hasuo said, "We believe that the fact that CCG has now become the first parent company of a domestic cryptocurrency exchange to list its shares on the Nasdaq market is a step forward for the cryptocurrency industry," and continued, "As a core company of the Nasdaq-listed CCG, we will continue to focus on expanding the potential of cryptocurrencies, a new means of value exchange, even more than before."

This will be the second cryptocurrency exchange to be listed on the Nasdaq, following Coinbase in 2021.

Reference: Monex Group announcement , Coincheck announcement
Image: Quote from the announcement

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