Japanese cryptocurrency exchange Coincheck is set to debut on the Nasdaq stock exchange on December 11, marking a major milestone for the platform. The listing follows a $1.3 billion merger with Thunder Bridge Capital, a blank check company, enabling Coincheck's ordinary shares and warrants to trade under the ticker symbols CNCK and CNCKW.
Founded in 2012, Coincheck is one of Japan's largest crypto exchanges, boasting 1.5 million verified customers and daily trading volumes of $165 million. Despite challenges like a $534 million hack in 2018, the exchange has maintained its growth and resilience, now achieving its long-standing goal of becoming a publicly traded company.
The merger, initially announced in 2022, underscores the collaboration between Japanese and U.S. markets. Monex Group chairman Oki Matsumoto emphasized the partnership's role in building a robust global crypto platform. Coincheck's public debut reflects a significant step in bridging traditional finance with the evolving world of digital assets، according to Cointelegraph.