Coincheck, a Tokyo-based cryptocurrency exchange and subsidiary of Monex Group, is poised to become the first Japanese crypto exchange to list on the Nasdaq following approval from the United States Securities and Exchange Commission (SEC). The listing, expected on December 10, will proceed through a merger with Thunder Bridge Capital Partners (TBCP), a special acquisition purpose company (SPAC). This marks a significant milestone as it will be the first time a Japanese crypto exchange is listed on a US stock exchange. The SEC's approval follows Coincheck's submission of a Form F-4 registration statement, which became effective on November 12. A shareholder vote is scheduled for December 5 to finalize the merger. If approved, Coincheck will trade under the ticker CNCK on Nasdaq. This listing is anticipated to enhance global market integration and may encourage other Japanese exchanges to explore similar opportunities in international markets. It could attract more international crypto firms to the US, especially with the anticipated regulatory environment under the incoming Trump administration.

Source 🔗