Coincheck Set to Become First Japanese Crypto Exchange Listed on Nasdaq

Coincheck, a Tokyo-based crypto exchange under Monex Group, is set to become the first Japanese exchange listed on the Nasdaq, potentially by December 10.

This follows approval from the U.S. Securities and Exchange Commission (SEC) on November 13, enabling Coincheck to merge with Thunder Bridge Capital Partners (TBCP), a special purpose acquisition company (SPAC).

Coincheck’s merger will allow it to remain a subsidiary of Monex Group while paving the way for other Japanese exchanges to consider U.S. listings.

The SEC’s approval came after Coincheck filed a registration statement on November 7. TBCP will hold a shareholder vote on December 5 to finalize the merger, with Coincheck expected to start trading under the ticker CNCK soon after.

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This listing would strengthen global market integration, potentially encouraging more international crypto firms to enter U.S. markets, especially with the anticipated pro-crypto regulatory stance under President-elect Donald Trump.

The SEC’s involvement in crypto regulation has sparked mixed reactions, with some arguing it restricts innovation, while others see it as a positive step toward clearer regulations for the industry.

Alexander Stefanov