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.
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.
Jonathan Mann, the creator behind the long-running “Song A Day” project, has turned his crypto misfortune into a musical cautionary tale.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.