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   1350

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.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1002

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.