Nasdaq To List Japanese Crypto Exchange Coincheck After SEC Approval

Share This Post

Bitcoin’s Correlation with Nasdaq and S&P 500

The post Nasdaq To List Japanese Crypto Exchange Coincheck After SEC Approval appeared first on Coinpedia Fintech News

In a groundbreaking move, Coincheck, a Japanese cryptocurrency exchange owned by Monex Group, has secured SEC approval to list on the Nasdaq, which makes it the first Japanese crypto exchange to do so. Coincheck is anticipated to make its debut as early as December 10th.

Through a merger with Thunder Bridge Capital Partners IV (TBCP), a special purpose acquisition company (SPAC), Coincheck will list on the Nasdaq under the ticker symbol CNCK, and trading is expected to begin on December 11.

The Nasdaq listing application was approved by the US SEC on November 13th. After receiving approval from the SEC, TBCP can go forward with the listing by holding a shareholder vote to approve and conclude the business combination on December 5th.

Coincheck has filed several forms with the SEC as part of this listing process. Now that the SEC has approved the Form F-4 registration, THCP will send the final voting materials to its shareholders, who will then vote on the merger. 

The SEC approval and subsequent listing will be a significant step toward increased market integration between the U.S. and Japan in the cryptocurrency sector. Coincheck’s acquisition of approval from the SEC to list on the Nasdaq depicts how the U.S.’s regulatory system for crypto assets is transforming. 

With this listing, Nasdaq set a precedent for Japanese crypto firms and others who wish to expand into U.S. markets. The listing may motivate similar actions by other exchanges that might be looking to leverage U.S. capital markets. With Trump’s administration expected to take a pro-crypto stance, this listing could attract more overseas crypto firms to join the US market.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ripple CEO Predicts US Crypto Boom, 76% of KOLs Shilled Worthless Meme Coins, and More — Week in Review

Ripple CEO predicts US crypto boom, study shows 76% of KOLs promoted worthless meme coins, Coinbase CEO strongly endorses DOGE, and more in this Week in Review Week in Review Ripple CEO Brad

Bitcoin Taker Buy/Sell Ratio Surges On Major Exchanges — Who Is Buying?

The price of Bitcoin has somewhat cooled off, struggling to reach the highly-coveted $100,000 mark, after an intense bullish run all week long However, investors appear to be undeterred by the

Bitcoin Price Is Decoupling From Gold Again — What’s Happening?

Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years While gold surely outpaces

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Integrating AI with blockchain can enhance AI’s trustworthiness and revolutionize various sectors AI Developers Should Prioritize User Control Stacey Engle, co-founder and CEO of Twin Protocol,

Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast

Crypto analyst Master Kenobi has made a bold two-day prediction for the Dogecoin price, stating that it will hit a new all-time high (ATH) in the next two days The analyst highlighted Dogecoin’s

Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics

The post Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics appeared first on Coinpedia Fintech News As the regulatory and market dynamics change in favor of digital asset