Following Coinbase’s 2021 IPO, Coincheck is the second regulated cryptocurrency company to debut on Nasdaq.
The parent company of the cryptocurrency exchange operator Coincheck, the Japanese Coincheck Group, declared that it had gone public on the Nasdaq Global Market.
Following Coinbase’s listing in 2021, the exchange is the second regulated cryptocurrency company to debut on Nasdaq.
In November, the US Securities and Exchange Commission (SEC) approved the Japanese cryptocurrency exchange on Form F-4. This indicates that the documents were examined by the regulator and found to comply with the legal listing requirements.
The “risks” involved, including price swings typical of cryptocurrency markets and the hazy regulatory environment, were addressed in the document.
Following the company’s merger with SPAC Thunder Bridge IV, the listing was expected to be completed by the middle of December. According to Thunder Bridge, Coincheck would “retain its experienced management team,” with executive chairman Oki Matsumoto among them.
According to the exchange’s official release, Coincheck shares will start trading on the Nasdaq on December 11, 2024, under the symbol “CNCK.”
Coincheck (CCG) will use its strength “to further expand its cryptocurrency/web3 business through global recruitment, acquisitions, and capital and business alliances” after going public.
The CEO of Coincheck, Satoshi Hasuo, stated, “As a core company of CCG listed on NASDAQ, we will focus more than ever on expanding the possibilities of cryptocurrency, a new means of value exchange.”
Coincheck, established in 2012 and started trading cryptocurrencies in 2014, became well-known for its intuitive user interface.
In addition, several Japanese cryptocurrency exchanges, including DMM, Bitbank, and bitFlyer, have revealed their intentions to expand internationally in addition to Coincheck.
The Current Listing of Crypto Exchanges on Nasdaq
Coinbase was the first cryptocurrency exchange to list on the US stock exchange in 2021. Instead of a conventional IPO, Coinbase chose to list directly.
The crypto service firm Bakkt went public the following year but decided to list on the New York Stock Exchange.
According to a September 2024 article in the Korean Economic Daily, South Korean cryptocurrency exchange Bithumb is considering going public on the Nasdaq. To reach its 2025 goal, the exchange chose Samsung Securities to serve as its IPO manager.
