Coincheck’s Owner Monex Reveals Plans to Open Trading Platform in the USA

Coincheck’s Owner Monex Reveals Plans to Open Trading Platform in the USA

Online broker Monex Group confirmed plans to establish U.S.-based TradeStation Crypto Inc

On July 27, 2018, Cointelegraph Japan reported that online financial services company Monex Group, which purchased Japanese bitcoin wallet and exchange service Coincheck this spring, plans to launch a trading platform based in the USA.

Data made public at a financial briefing held on Friday confirmed the idea to found up TradeStation Crypto Inc. which will be a cryptocurrency-focused subsidiary of a TradeStation company acquired by Monex in 2011.

Monex CEO Oki Matsumoto has also reported that Coincheck, purchased by Monex in April for around $33 mln, would get full functionality next month.

Coincheck has been continuing to function since the Monex takeover, and it demonstrates rigid adherence to regulatory rules. In January 2018, the platform lost 534 mln USD in a cyberattack – the largest hack seen in the crypto industry thus far.

“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 USA and Europe are moving ahead,” Oki Matsumoto told Bloomberg.

Source:https://cointelegraph.com/news/crypto-exchange-coincheck-s-owner-monex-reveals-plans-to-open-us-trading-platform

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