Coincheck just made history as the first Japanese crypto exchange to hit Nasdaq, trading under “CNCK” after a $1.3B SPAC merger. Despite bouncing back from a massive hack years ago, Coincheck’s leveling up to attract global investors, flexing Japanese expertise, and diving into the U.S. market for that next-gen glow-up.
Coincheck, Japan’s OG crypto exchange, just pulled a major flex by going public on Nasdaq under the ticker “CNCK” on December 11 this year. This makes Coincheck the first-ever Japanese crypto exchange to hit a U.S. stock market, following in Coinbase’s footsteps from three years ago.
How’d they do it? Through a $1.3 billion merger with Thunder Bridge Capital Partners, a SPAC designed to help private companies go public. Now, they’re part of the newly formed Coincheck Group N.V., raking in $31.6 million in proceeds. Shoutout to Monex Group, Coincheck’s parent company, which snagged the exchange back in years ago for a cool $33.5 million.
But this win didn’t come without drama. Some years back, Coincheck got hit with one of the biggest crypto hacks ever—a $530 million blow. But instead of folding, they reimbursed affected users, rebuilt their rep, and came back stronger with Monex’s backing. Talk about resilience!
So why Nasdaq? It’s all about going global. Oki Matsumoto, Coincheck’s Executive Chairman, says they’re blending Japanese expertise with U.S. insane market hype to level up. The goal? Attract global investors and dominate in the competitive crypto scene.
Coincheck’s Nasdaq debut is more than a business move—it’s a statement. They’re stepping out of Japan’s borders, flexing their comeback story, and showing the world they’ve got what it takes to play in the big leagues. Coincheck isn’t just surviving; they’re thriving. Stay tuned for their next move.
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