Monex Group Bid For Coincheck Could Affect Two Markets

Monex Group Bid For Coincheck Could Affect Two Markets

Investing.com – Japanese online brokerage firm Monex Group’s interest in acquiring cryptocurrency exchange
operator Coincheck has implications for both the Japanese and U.S. markets.
With 32 crypto exchanges already in operation in Japan, the market there is crowded.
Traditional financial firms may find it easier to acquire an existing player
than to wait for regulators to approve their application to launch an exchange of their own.
Another financial services firm, SBI Holdings, won approval to start an exchange last year
but has delayed the launch until it works out security issues.
Monex also owns the U.S. online brokerage firm TradeStation, which started offering bitcoin
futures trading this year. TradeStation also provides real-time market data on bitcoin and several other cryptocurrencies.
In the future, Monex could use its experience in Japan to launch cryptocurrency trading on TradeStation, in
an effort to compete with investing app Robinhood, which recently introduced and Ethereum trading in five states.

Disclaimer:
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.