Monex Purchased Coincheck For $33.6M

Monex shares rose after the announcement of the deal by 20%
06 April 2018   741

Japanese online broker Monex Group announced that it buys the local currency exchange Coincheck. This is reported by the Reuters.

The transaction amount is 3.6 billion yen ($ 33.6 million). As a result of the transaction, Monex will have access to the trading platform and the Coincheck customer base. Monex shares rose after the announcement of the deal by 20%, in general, from the time when the first information about the possibility of such acquisition appeared, online broker shares rose by 40%.

Monex Group Inc CEO Oki Matsumoto (L) and Coincheck CEO Koichiro Wada
Monex Group Inc CEO Oki Matsumoto (L) and Coincheck CEO Koichiro Wada 

Coincheck is a global pioneer of the cryptocurrency business, a global brand. Although we can manage risk, we can’t make Coincheck’s brand value or foundation.
 

Oki Matsumoto

CEO, Monex

At the beginning of this year, NEM coins equivalent to 58 billion yen ($ 527 million) were withdrawn from the accounts of the Japanese currency exchange Coincheck. The amounts went to 20 addresses, including, as Kyodo reports, in the US and New Zealand. The Japanese police assume that a computer virus was used for this theft. Theft touched accounts of 260,000 Coincheck customers.

After this incident, the Japanese financial regulator announced its intention to conduct an audit of all the country's crypto-exchange exchanges

Coinbase US Customers Can Convert Crypto to Gift Cards

Coinbase customers received interesting proposal right before Christmas gifts purchase time
11 December 2018   42

The largest US cryptocurrency company Coinbase announced the expansion of partnership with a London startup WeGift.

Using the Coinbase wallet, American users can buy gift certificates from dozens of retailers, including Uber, Nike and Gap.

To do this, users need to visit the website of the WeGift service and associate it with the Coinbase wallet. As a bonus, when purchasing gift certificates, users do not have to pay a withdrawal fee.

Earlier, this opportunity from Coinbase and WeGift was available only in a few EU countries.