Coincheck is to expand its operations into the USA

Coincheck is planning a great comeback after its credibility and opportunities were brought into question early in 2018
21 May 2018   447

The Japanese crypto exchange has rebranded itself after an important security failure led to the loss of $500 million worth of NEM coins. A number of events happened over the past four months following Monex’s $34 million acquisition of the Japanese crypto exchange. The exchange has already returned customers while still managing to be profitable. 

The crypto exchange has upgraded its security systems as it looks to recover after the security scare. After the hack attack, the exchange tempted a decline in trading volumes as customers withdrew over $540 million worth of investments. The Japanese exchange with the help of the Monex acquisition appears to get a new lease on life. Coincheck has already filed the necessary documents as it wants to secure licenses in Japan. Monex stock prices surged immediately after announcing the Coincheck deal.

Coincheck is going to widespread its operations into the U.S. The timeline for the exchange to make its debut in the US market is not defined. The company is trying to develop itself in the West because of the lower tax rates, growing cryptocurrencies interest and the potential to add millions of new clients. The decision comes as a surprise given that the country is not so friendly to Crypto assets as Japan. However, Chief Executive Officer of Monex, Oki Matsumoto, remains confident that the firm will succeed in the U.S especially on targeting institutional investors. 

Japan may seem like it’s one step ahead in crypto, but in terms of deciding what’s a security or a token and attracting institutional investors, the U.S. and Europe are moving ahead.
Oki Matsumoto
Chief Executive Officer, Monex

The expansion into the U.S. won’t be an easy job, and Monex is banking on the fact that it won’t be beginning from scratch. Monex already has over 600 specialists in the US as part of its online business.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   125

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.